Microsoft CEO Steve Ballmer spoke at The Executive’s Club of Chicago today, discussing “the role of innovation in changing economic times.” TG Daily covered the event live from the Hilton Chicago. During his speech he addressed many economic issues, and touched on the importance of innovation. However, it was his Xbox announcement which has our publication excited.

Rumors can be confirmed, as Ballmer stated openly during a speech on the recession to those in attendance at the Executives Club in Chicago, a new Xbox 360 will hit the store shelves in 2010.

The new device will be equipped with technology that is “really, really, close” to an actuality. The console, which was described as having a “natural interface,” will have a built in camera with the ability to recognize movement and voice.

With no official release, those were all of the details that were shared.

Update: That new Xbox for 2010 … real or fake news?