If you've been holding off picking up the next generation of gaming consoles, now might be your chance to get a better deal. Microsoft has doubled the amount of storage you get in the $400 Xbox One to 1 TB, and dropped the price of the previous 500 GB version to $350. The updated console also comes with an improved controller — the new one has a 3.5mm audio jack so you can plug in any old pair of headphones (it also has a cool urban camo design). A wireless adapter, coming later this year, will let you use the controller with your Windows 10 computer or tablet, too.

But wait, there's more! The 1 TB Xbox One will also come with "Halo: The Master Chief Collection," a pack of the first four Halo games and a bunch of extra content. If you missed them on the old consoles, this collection is a great way to catch up before "Halo 5: Guardians" comes out later this year.

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The announcement is strategically timed to precede the Electronic Entertainment Expo (June 16-18), where dozens of new games will be announced. So if you're still on the fence, wait a week and see if anything piques your fancy — on Xbox One or its perennial competitor, Sony's PlayStation 4.