The Xbox Slim has been officially revealed at the start of the Microsoft E3 2016 press conference.
The console will cost $299 and will be 40% smaller than the original model. In addition the console includes 4K ultra capabilities and HDR.
Xbox One S is not just slimmer and sleeker. We also worked hard to add some exciting new features for video and gameplay. You’ll now be able to watch Blu-ray movies and stream video in stunning 4K Ultra HD video, with content from partners like Netflix and Amazon Video. Xbox One S also offers High Dynamic Range (HDR) support for video and gaming, so you can experience richer, more luminous colors in games like Gears of War 4 and Scalebound. With a higher contrast ratio between lights and darks, HDR brings out the true visual depth of your games and media.
The XBox Slim will be available this August. Controllers will not be included and must be purchased separately.
Edit: XBox Slim does include a controller. Additional controllers will be $59.99.