May 12th, the date on which the Ourcolony.net viral marketing scheme site is counting down to, marks the global unveiling of the Xbox Next, live on MTV. Elijah Wood will present the half-hour segment that’ll be jam packed with celebs gushing over the console, and even a special performance by Killers.

Viewers will get an exclusive look at the Xbox vision for the next generation — one that ensures that the user experience is always connected, always personalized and always in high definition. The special will feature never-before-seen, action-packed gameplay of future Xbox games, a peek into the future of the Xbox Live online gaming service, backstage celebrity interviews and exclusive insider footage on the making of the next-generation console.

The inside look at the next-generation Xbox will continue at MTV.com, where after the special, viewers will find extended event coverage including behind-the-scenes video, photos and other special extras. MTV.com will also provide ongoing in-depth coverage of the next-generation Xbox highlighting the latest news, product details and previews of hot next-generation games.

9:30 p.m. EDT is when North American folks should tune in!