Xbox 720, whenever Microsoft gets around to announcing it, will be the next big thing as far as console gaming is concerned. While there is no confirmation as to when Microsoft's next console will arrive, the internet is awash with every possible rumor related to the device.
Microsoft recently acquired Pando, a P2P file transfer service used in games like "League of Legends." Microsoft could easily use such a service in the upcoming Xbox console, similar to how Sony has said they will use the game streaming service Gaiki in the upcoming PS4.
The information comes from Calcalist, a foriegn business website. Using Google translate this is what we were able to come up with:
“Fendo [maker of Pando] developed a file transfer service between P2P users, and made it the means of distribution based cloud service for games, video and software content giants, while active large file transfer service for consumers and businesses.”
“The purchase was made in part to give Microsoft an advantage in sharing media files for the launch of the new Xbox gaming console is expected in June, and to compete with Sony, who revealed last month its future media console PlayStation 4.”
The other important information, also still a rumor, to come out of this is the potential arrival of a new Xbox console in June.