This morning Microsoft has announced that the rumors are true; they will be released on June 16th in North America and Europe. The price point is set at $399 USD. Another big push is that Microsoft has cut the cost of their 500GB Xbox One consoles to $349 USD.

Out of the box along with the 1TB drive will be the newly designed controller offering a 3.5mm stereo headphone jack for easy access for the user. If you are not looking to pickup the new Xbox you can pick up the new controller in the standard black or with their new Special Edition Covert Forces. The price of the new controllers is set at $65 USD.