The rumor claimed that Microsoft would be holding a launch event in October where people could expect the company to launch the Surface Pro 4, Lumia flagships and an "Xbox One Mini."
It was claimed that the X-box mini would be third the size of the current console and lack a Blu-Ray drive.
However Microsoft's Phil Spencer has now debunked this theory, stating that the rumors are simply "not real". Although he didn't say the project didn't exist just that the rumour that it was coming out in October was "not real."
Given the nature of reality, and theories that the universe is a holographic game being played two-dimensional gods, we are not ready to dismiss out of hand yet.
While the Xbox One Mini definitely won't be happening the Lumia flagships; Cityman and Talkman, new Surface tablets including the Surface Pro 4, the eagerly awaited Band 2 and perhaps even a slimmer Xbox One is still a possibility at the event.