Microsoft will reveal details about the long awaited Xbox 2 on a 30-minute special to be aired on MTV on May 12 (9:30 PM ET). The show will also be broadcast in Europe, Asia and Australia on May 13. The public expects to get more information about the video game such as release dates, processor specifications and whether it will include a hard drive. Most analysts believe the next generation Xbox, which is expected to reach stores in the second half of this year before its rival PlaySation 3, will cost around USD 299.