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  New Xbox will be star of show at Microsoft event
Time: 00:01 EST/05:01 GMT | News Source: Seattle Times | Posted By: Robert Stein

The video-game industry’s health meter is blinking red, and its ammo belt is nearly depleted. Industry players are crawling through the darkness, frantically looking for first-aid kits and new weapons to get back into the action. Down one path a pulsing green light beckons, promising resuscitation, new capabilities and another round of fun. The light is coming from Redmond, where on Tuesday Microsoft will “reveal” the third version of its Xbox in a high-voltage news conference that will broadcast around the world.

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