The Xbox Series X was revealed at The Game Awards at the end of last year, marking it the first official glimpse of the next era of console gaming, but rumours have long been swirling about a cheaper Xbox console launching alongside it.
Codenamed "Xbox Lockhart", and christened by the internet as the Xbox Series S, here's everything we know about it - including when we could see it.
While Xbox is holding an event in July to showcase first-party titles ahead of the new console generation, Eurogamer has confirmed that Lockhart is expected to be unveiled in July.
That information has been corroborated by Jeff Grubb of VentureBeat, too. Grubb also reported that the console would have been shown in June, with the event moved to August due to the Black Lives Matter protests.
According to multiple reports, the Xbox Series S (or Lockhart, or whatever it ends up being called), is slated to be a next-gen console with much less power than the Xbox Series X - but will play the same games as part of Microsoft's Smart Delivery initiative.
It has been reported that it'll offer a similar CPU, memory and storage setup to the Series X, which means at the very least load times should be comparable to the Series X. Of course, we'll need to wait for official confirmation either way.
According to a leak cited by The Verge, devs are able to test their game on "Lockhart" specs when developing for Series X. Those specs include "7.5GB of usable RAM, a slightly underclocked CPU speed, and around 4 teraflops of GPU performance".
Until the console is announced, we have no idea what it'll look like. Given the lower power, expect it to arrive in a smaller form-factor than the Series X.
Whichever console you end up picking up, you'll have access to the same game library.
Halo Infinite has been confirmed as an Xbox Series X launch title, and by Christmas 2020 it will have been five years since a new mainline Halo game released. Spencer also said Microsoft's 15 first-party studios were working on "the largest and most creatively diverse lineup of exclusive games in our history."
Halo is widely regarded as the Xbox’s first must-play game, so Microsoft’s move to launch a next-gen with a Halo game is both symbolic and business-savvy.
However, if Halo is not your thing you won’t be disappointed – Xbox Series S will be capable of three generations of backwards compatibility.
As well as Xbox Series X-era games, you’ll be able to play games from the Xbox One, the Xbox 360, and the very first generation of the Xbox.
We know that the Series S is intended as a cheaper console for budget-conscious fans (or those looking for a second box for another room), but we also don't have a price for the Xbox Series X yet.
Here's hoping we get that at the July event, and with a little bit of luck the Series S price will be announced alongside the console in August.
Which console will you be picking up? Or will you stick to the PlayStation 5, either with or without the disc drive?