Subscription-based Xbox 720 priced at $300, with $500 standard model?

Noted Windows blogger Paul Thurrott has claimed during the latest What The Tech episode (via NeoGAF) that the Xbox 720 will launch in November beginning at $300 for a subscription-based model. A standard model will sell for around $500, he said.

He described the platform overall as "expensive."

The Xbox 720 won't be the only new Xbox on shelves this season, Thurrott claimed. The writer said Microsoft is planning a $99 "Stingray" Xbox 360. He did not provide any further information about this platform.

Thurrott also shared information about the Xbox 720's reported always-online requirement. He said this a confirmed feature for the platform, claiming the system's notes specifically state that the Xbox 720 "must be Internet-connected to use."

The Xbox 720 reportedly stops functioning if an Internet connection drops for three minutes.

As for when the Xbox 720 could be announced, Thurrott said Microsoft is planning a reveal event on May 21. This matches up with an recent analyst report suggesting Microsoft was readying a reveal next month.

The blogger added that Microsoft will share further information about the Xbox 720 during two June events: the Electronic Entertainment Expo and the Build 2013 developer conference.

Thurrott further claimed that Microsoft was working on an entertainment-focused Xbox that would not play games. He said this device was called "Yumo," and speculated that Microsoft decided not to pursue this so as not to confuse the market.

A Microsoft representative was not immediately available to comment.

Thurrott is a noted Microsoft insider and runs Paul Thurrott's Supersite for Windows.