-Introducing Xbox One.
-With its latest console, Microsoft aims to appeal to more than just gamers.
-We're thrilled to unveil the ultimate all-in-one home entertainment system.
Team Xbox is on a new mission.
Designed and built in all-in-one system to light up a new generation of games, TV and entertainment.
-With Xbox One, users can stream content, watch movies and television,
make group video calls with Skype and, of course, play games.
The system consists of a controller, a rather bulky set top box and kinect: Microsoft's motion-sensing device, which let users control the system with gestures.
-Now, if I wanna go home, I just grab and I'm home.
But we're gonna create a new set of universal gestures to control your entire TV experience.
-For those tired of fumbling with remotes, Xbox One offers voice-commands.
Go to TV.
Go to Music.
-Cramped inside Xbox One; a blu-ray player, 8 core processor, 8 gigabytes of RAM and a 500 gigabyte hard drive.
The downside of the improved technology is that Xbox One isn't backwards compatible.
-This is a kind of serious issue for people who have a huge library of games and, you know, maybe wanted to upgrade their console or people just bought an Xbox 360 recently.
There's no real remedy
for this right now but we can assume that Microsoft is probably gonna sell a lot of that old software through Xbox Live.
-But Microsoft is looking beyond games.
It announced a new live action TV series based on the immensely popular game Halo, to be directed by Steven Spielberg.
-And so for me, the Halo Universe is an amazing opportunity to be at that intersection, where technology and myth-making meet.
-Spielberg maybe a big draw, but Microsoft needs to convince users
in another crucial way.
-One of the big hurdles of Microsoft face is, we just don't know a price yet.
This could be $700 or $800 for all we know.
We won't know that 'til E3 probably, which is on June.
-The price is expected to be revealed at the upcoming E3 Gaming Conference along with competing device and game announcements.
Sony is hinting it something big with a cryptic PS4 teaser video.
It maybe gaming but it's serious business.
For CNET News, I'm Sumi Das.