Rumours abound this evening that could be on the brink of unveiling a new 'slimline' console - an advert having appeared in Italy, before hastily being pulled.

The ad was spied on console-tribe.com, and showed a slimmer, re-shaped 360 allegedly set to include built-in WiFi and a 250Gb hard disk.

If true, this new look console will see Microsoft following in Sony's footsteps with an Xbox 360 'Slim'.

We'll know for certain tomorrow morning, when Microsoft hold their official E3 media briefing. More as we get it.

By Luke Guttridge