Ready for a new Xbox? Doesn't matter because there is one! It's coming this August, retails at $300, and supports 4K video.

Back when the Xbox One and PS4 launched in 2013, it seemed like that would be it and these might be the Last Consoles, or at the very least, the Last Consoles for a good five years or so. Wrong! With rumors building over the past couple of months that Sony was getting ready to release "Neo," basically a PS 4.5, Microsoft has beat them to the punch with the new Xbox One S, at least sort of.

Aside from being 40 percent smaller and a whole lot slicker, the new Xbox One S supports 4K video playback, assuming you have a TV that supports it. This doesn't mean 4K gaming, but rather support for services like Netflix—which are beginning to offer their shows in 4K—or 4K Ultra HD Bluray. In the process, the Xbox One S also does away with a dedicated Kinect sensor port, which marks another step away from the once flagship tech that Microsoft loved so dearly. Voice control, which is being expanded as Cortana (the same assistant you can find on Windows 10) will work with normal headsets and microphones as well.

It stops short, however, of being a serious update for gaming power like Playstation's "Neo" is rumored to be. Worth noting that while Sony has confirmed that box exists, they also say it won't be at this year's E3, so it looks like Microsoft and Sony may have established a truce for at least year.

In the meantime, Microsoft is continuing to expand the Xbox's close partnership with PC gaming, offering new titles like Gears of War 4 on both console and PC, and enabling multiplayer across both platforms. It's a helpful little stopgap for people who love the games that have previously been Xbox exclusives, but want a little more power than the console can dish out.

Even with no Xbox One and a Half or PS 4.5 on the table, it's clear that the console gaming landscape is going to continue to evolve and intertwine itself with PCs and, in Sony's case, VR. Whether Microsoft has anything up its sleeve on that topic is yet to be seen.

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