Microsoft wants to rule the living room.

To do that, it's going to have to face off against Apple, which is rumored to be working on a television that will serve as a hub for entertainment in the living room.

It already has a big head start, thanks to Kinect, its motion-sensing and voice-detecting controller, and a ton of content partnerships.

But it's going to have to pull out all the stops when Apple inevitably makes a play for the living room. To do that, it's laid out a brand new console – dubbed the "Xbox 720" — to ensure its lasting control.

A supposed full presentation on the new device leaked on the web. We saved a copy, which we've included for you.

Click here to view the full presentation >

The Xbox 720 will have an improved Kinect device that will track four players at once and have better voice recognition, and the console will connect to additional sensors — like glasses for a 3D experience — according to this presentation.

This console will cost $299.

By 2015, the Xbox 720 will serve as a hub that will instantly stream any content you want — including the top-level games that normal consoles wouldn't be able to handle — through the Internet.

Here are the most important parts of the presentation: