As had been heavily rumoured and then leaked yesterday, Microsoft confirmed that it will be releasing a hardware revision for the Xbox One. Officially announced today at Microsoft's E3 2016 press conference, the Xbox One S will cost $US300 ($407) and hits stores this August. The new model will be 40 percent smaller than the current Xbox One, support 4K video as well as HDR output and have a 2TB hard drive. It also features an integrated power supply.
If you were waiting to get an Microsoft gaming console, this revision -- along with the company's new Play Anywhere initiative which will let user buy Xbox games and play them on Windows 10 machines -- might be what gets you to open your wallet.
Update: The official listing has pegged Australian pricing at $549.