Were just days away from the launch of the PlayStation 4, but thats not the only next-gen gaming system weve got to look forward to. A new report published today gives us some juicy gossip on the Xbox 720, and theres both good and bad news for gamers.

The ever reliable Edge says multiple sources have spilled the beans on the next Xbox: itll ship with a new, more powerful Kinect motion sensor cam, an eight-core processor and a beefy 8GB of RAM. Itll run games off high capacity 50GB Blu-ray discs but and its a big but it needs to be connected to the internet at all times, and wont let you play second hand games. Thatll be a big blow to gamers used to trading in one title to get hold of the next big release.

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The report also says that so far, developers working on games for the new consoles are finding Sonys machine easier to program for a big change from this generation, as the PS3 was notoriously tricky to make games for to begin with.

The sources also suggest that Sony is working on its own Kinect rival a camera system that may be announced at the PlayStation event later this month, and may be a sequel to Sonys oft-forgotten Move set-up.

What do you make of the news? Is Microsoft shooting itself in the foot blocking used games? Sound off in the comments below with your view.