Slot-loading Blu-ray drive? Check. HDMI in and out? Absolutely, considering the Xbox One is meant to play a central role in the living room. There's an octa-core processor based on AMD's Jaguar design and 8GB of RAM to go up against the Sony PlayStation 4, plus USB 3.0 ports, 500GB of hard drive storage, WiFi Direct for communicating with the new controller and other devices, and a humungous amount of silicon to drive it all: no fewer than five billion transistors, which compares to 1.4 billion in your average Intel or AMD chip (although Microsoft may be included other processors and DSPs in that count). And just in case you're wondering, the switch to an x86 PC-style architecture will indeed preclude backwards compatibility with 360 games.

As for the box itself, well, it looks rather a like a little HTPC with black and silver case and a big Xbox logo -- a visage with actually tallies with the fact that's running a PC-like x86 architecture inside. There's a full list of specs after the break, which we're continuing to build out as more details pour out of Microsoft's Xbox One ongoing launch event.