In addition to all of the Kinect news at Microsoft's E3 keynote, the company also officially unveiled the much-rumored new slim version of the Xbox 360. The new console looks exactly like the recently leaked images—with a fresh coat of glossy paint and a smaller, angular design—and will run gamers $300. It will feature a 250GB hard drive and built-in 802.11n WiFi.

The new Xbox 360 Slim versus the older model.

Surprisingly, the new console will actually be shipping to retailers today, which means consumers could potentially get their hands on the smaller 360 later this week. Microsoft surprised everyone at the press event by saying a system had already been shipped to their home.

Ben is tearing into the system right now at a special Microsoft event, so expect detailed images and impressions very soon.