Microsoft streaming service codenamed Rio

Further reports of Microsoft's rumoured streaming games service have surfaced, suggesting it's currently being called Rio.

A CNET report corroborates last week's rumors that Microsoft demonstrated the fledgling product at an annual internal meeting.

Drawing on anonymous sources, the site said the service us codenamed Rio, having moved on from a previous title of Ridgeway,

Further reports quoted by CNET also made repeat mention of latency as low as 45ms, and that the streaming service may be used to make Xbox 360 games available on Xbox One.

Thanks, Gamespot.