A new Xbox is on the way at some point — the question is when, and what it’s going to look like.

It’s hard to believe it’s been more than two years since the Xbox One was unveiled back in May 2013, and now, speculation is running rampant on what is in store for Xbox Two, according to a TechRadar report.

The Xbox One is dealing with some stiff competition from Sony’s Playstation, the fourth version of which was released around the same time.

TechRadar speculates that a new Xbox might do away from the traditional VCR-like appearance, meaning it may look very different from how it has in the past, and may be completely different from anything we’ve ever seen before.

And then there’s the capabilities. There’s a possibility that it will be more closely tied to the PC and might be connected to Hololens.

But no matter what it chooses to do, it will have to learn from three major mistakes it made in the first announcement back in 2013, says tech expert Guy Cocker as quoted by TechRadar.

The first mistake was to pitch a gaming system that combined an internet browser, a DVR, and a video streamer, and then downplayed the games aspect — but the problem was nobody wanted anything other than the games portion. And because Kinect was necessary for this to be possible, it made it much more expensive than the PS4. And a third mistake was to tie games to that individual Xbox, making it impossible for used games to be resold, and essentially requiring an Xbox Gold account. Fans reacted very negatively to this news, causing Microsoft to make some tweaks.

So what about Xbox Two? Microsoft said when it announced Xbox One that it wanted this new version to have a 10 year lifespan. But many think that Xbox One’s replacement is coming a lot sooner than that, especially in such an intensely competitive arena where technology is moving at such a rapid pace.

Meanwhile, Microsoft is pushing forward with its latest offerings for Xbox One, including the live October 27 launch date of Halo 5: Guardians. There will be a six hour live broadcast the day before culminating in the launch at midnight.