Microsoft has announced what few Xbox gamers dared dream about: the rumoured Project Scorpio, an Xbox console capable of "true 4K gaming" and "VR without compromise".
The announcement follows PlayStation's confirmation that it is working on a more powerful version of the PlayStation, codenamed Neo.
However, Xbox's announcement contained many more details, including a release window: holiday 2017.
"When it ships next year we believe it will be the most powerful console ever built," said head of Xbox Phil Spencer. "[This represents] a serious inflection point for Xbox."
Microsoft is promising Scorpio will deliver "true 4K visuals without sacrificing quality" and "VR without sacrificing performance".