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Xbox Project Scorpio news: Microsoft teases 'excitement' over the nearing release of premium console this year

People wait in line to play Microsoft Xbox games at the Electronic Entertainment Expo, or E3, in Los Angeles, California, United States, June 16, 2015. | Reuters/Lucy Nicholson

2017 is a big year for Microsoft, especially in terms of consoles, as the company is scheduled to debut what is dubbed the "most powerful console ever made" in the Xbox Project Scorpio. And while the company has yet to divulge the exact rollout date for the device, it has started the year reiterating the kind of technological breakthrough it is tipped to introduce.

In a new year celebratory blog post published on the official Xbox website, a statement from the company runs down all the projects that it has lined up in the next 12 months including Xbox Project Scorpio. The press release did not disclose anything specific with regard to the device, but it did share that Microsoft is also geared up to introduce the device that it has been working on as well as been teasing for quite a while now.

"We're excited to show you more of what we have in store for 2017, including the much-anticipated unveil of Project Scorpio, in the coming months," an excerpt from the post said.

As previously mentioned, no particular release date has been confirmed for the Xbox Project Scorpio, only that gamers can expect it by the time holiday 2017 season starts. Late last year, Xbox Team head honcho, Phil Spencer, went on record saying that at the rate of development that they are going, there is a good chance that they will be done before their target launch date. Should this pace remain the same in the following months after his statement and the development not get caught in a major snag, fans can rest assured that no delays will be coming Scorpio's way.

"Actually, with the hardware timelines right now we're a little ahead of plan. We'll see, there is a lot of time to go, but we feel good about how the things are coming together. The teams understand the performance spec that we're building," the company exec confidently told GameSpot.