At E3 today, Microsoft announced the next member of the Xbox family: codename Project Scorpio. The company calls it an uncompromised gaming machine. Project Scorpio will reportedly come with a 6 TFLOPS GPU, 8-core CPU, and 320GB/s of memory bandwidth. It will be capable of 4K gaming at 60 frames per second and support VR. What headset that VR support will use remains a mystery.

Microsoft emphasized that Scorpio will be a part of the Xbox family: all games and peripherals that work on Xbox One and Xbox One S will be fully compatible with Project Scorpio. Microsoft's Phil Spencer said that this move marks the start of gaming beyond generations—entering a world where hardware improvements don't mean ditching your game library, echoing his previous promises about hardware upgrades.

Fallout 4 featured heavily in the launch announcement, suggesting that the game will see a VR-enabled Scorpio-related update in the future.

Microsoft said the new system will ship in the holiday season 2017.

Microsoft's E3 event has ended. We will continue to update this post as more information becomes available throughout the day.