Microsoft is announcing that Xbox One will be released in November for $499. The One will be available in 21 markets around the world, including the UK where it will be priced at £429. In Europe the Xbox One will be priced at 499 euros. For $499 you'll get the new console, a wireless controller, the new Kinect, and a 14-day trial of Xbox Live Gold. Microsoft is also planning a limited-edition commemorative bundle at the same price, complete with unique packaging, a limited edition controller, and a commemorative achievement for Xbox Live.

Additionally, gamers who pre-order Ryse: Son of Rome, Forza Motorsport 5, Kinect Sports Rivals, and Dead Rising 3 will get access to bonus content like multiplayer maps and additional in-game features. Microsoft is also releasing Xbox One Play & Charge kits at launch, alongside a new Xbox One Chat Headset that's wired to the controller. These will be available to purchase separately at launch.

Update: Xbox One Day One Edition is available to pre-order on Amazon.