Next XBOX capable of Avatar quality graphics?

Would an Avatar game look like this on the next XBOX?

File this one under "God I hope it's true", according to the examiner, the August issue of the Official Xbox Magazine has news from AMD regarding the graphics we can expect from the next XBOX.

Technology company AMD, who supplied the graphics hardware for the Xbox 360, claims that the next Xbox will be capable of the level of graphical detail seen in James Cameron's movie Avatar.

While AMD would not confirm they were actually working on the 360's successor, director of ISV relationships at AMD, Neal Robison, stated that gamers have a lot to excited about.