Just a quick note as rumors have been flying around today claiming that the Xbox 720 is being internally circulated through Microsoft as the “X Box Loop”. Like many blog rumors, this one may be just that. We can’t determine the source and the name seems a bit… well, dainty.Just a quick note as rumors have been flying around today claiming that the Xbox 720 is being internally circulated through Microsoft as the “X Box Loop”. Like many blog rumors, this one may be just that. We can’t determine the source and the name seems a bit… well, dainty.