Microsoft dismisses 'cloud gaming', analyst predicts Apple console

The Tories' Shadow Culture Minister Ed Vaizey was also on hand to pledge his party's support for the UK games industry, attacking Gordon Brown's government for what he sees as a clear lack of faith in the flourishing sector.

Vaizey stressed that he plans to promote a culture of 'investment and risk-taking' under a Conservative Government. He also wants to extend the remit of the UK's Film Council to cover games and give the industry the "national voice it deserves."