New(ish) name
The slimmer console is called the Xbox One S. It ships this August for $299 (roughly £210 or AU$400), the same price as the current Xbox One.
Rundown
It's 40 percent smaller than the original console, supports 4K video playback and 4K Blu-ray discs.
Heavy artillery
It'll hold up to a 2TB hard drive, twice the capacity of the current Xbox One, and supports High Dynamic Range (HDR) to bring out more color and deeper blacks in video and games with supported TVs.
White and black
Microsoft showed off a console with a slick white design at the show, with the Xbox logo in black.
Economic design
The power supply is integrated into the console now, like with Sony's PlayStation 4, so you don't have to hide a giant power brick behind your home entertainment center.
Port city
The back of the Xbox One S features seven ports, including two HDMI ports and two USB ports.
It's the little things
Its controller is slightly revamped, with textured grips and improved wireless range.
Hello, new friend
A close up look at the Xbox One S's new controller.
Three models
The $299 price is just for the base model with a 500GB hard drive, with 1TB models reportedly available for $350 and 2TB for $399. The 2TB model will be available first.
Tip of the iceberg
You can follow the rest of the Microsoft E3 2016 press conference here, and check out Gamespot's full coverage of E3 as well.