In this era of one-upmanship, it should come as no surprise to see Codemasters announce a limited edition version of Grid 2 - which will cost £125,000.

Buying Grid 2: Mono Edition - which is limited to only one available 'copy' - will get you a special branded BAC Mono, the British road-legal supercar that is capable of 0-60 in 2.8 seconds.

Alongside the BAC Mono you'll also get a copy of Grid 2 (we should hope so) with bespoke packing artwork, a BAC Mono livery for use in the game, a Grid 2 branded racing helmet, race suit boots and gloves (all made to measure) and a PS3.

It still seems like you're buying the BAC Mono first and Grid 2 second, but either way it's certainly a unique limited edition.

Ridiculously you can pre-order Grid 2: Mono Edition from Game. Even if you can't afford it, head over to the website just to see the hilariously large figure on the Game website.

EA has announced its next-gen Need For Speed game, Need For Speed: Rivals. This new entry in the franchise will launch 19 November 2013 on Xbox One, PS4 as well as Xbox 360 and PS3.

A PC version is also in development, but there was no mention of a release date for this version.

Need For Speed: Rivals is being developed by Ghost Games alongside series favourite Criterion Games.

According to the announcement, Need For Speed: Rivals will utilise the power of next-gen technology to move seamlessly from single-player to multiplayer, a feature being named AllDrive.

The game will be an open world racer akin to Need For Speed: Most Wanted and Forza Horizon. This time it will be set in the fictious area of Redview County.

Events can be tackled individual - even when online - and should a pursuit overlap then the game will automatically add players into a co-op session.

As expected, Autolog will return with a number of changes.

Housemarque has revealed that it is working on two new games exclusively for PS4.

One of these two games is a "spiritual successor" to Super Stardust HD - one of the earliest and best games (even now) on PSN.

“We are super excited to be working on Sony’s next-gen hardware,” said Housemarque’s CEO Ilari Kuittinen. “The platform’s performances are enabling us to do things that wouldn’t be possible otherwise and we truly believe that better technology can lead to better gameplay. The more tools and resources we have at our disposal, the better."

Little in the way of details was provided, but Housemarque did provide a few clues. "Think of Super Stardust HD: at the time, PlayStation 3 gave us the opportunity to populate the game with thousands of interactive objects and implement the game’s famous ‘spherical gameplay’.

"Today, we can take advantage of the architecture of PlayStation 4 to create incredible visuals with direct impact on the way the new game feels."

No more details were provided on either of these two games, but Housemarque teased that more news will be coming in the next couple of months.

We're big fans of Housemarque, a developer that has consistently proven it knows how to make a great quality game that doesn't need to be a full retail release to be worth your time.

It's most recent Super Stardust was Super Stardust Delta for PS Vita, and was one of our favourite PS Vita launch games. The likes of Dead Nation remains a favourite, too, while Outland meant Xbox 360 gamers could get a slice of Housemarque's greatness.

In other words, be excited for what Housemarque is working on.

Techland has just announced its next-gen new IP, Dying Light, a zombie survival game set in a brand new world.

The game's publisher Warner Bros released a press release regarding Dying Light, describing the game as a "first-person, action survival horror video game with a portentous day-night cycle set in a vast open world."

The idea will be to explore the open world by day to search for supplies and craft weapons to defend against the zombie hordes.

Once night falls, however, you need to defend your encampment from the ravaging hordes of undead in the hopes of making it to the break of dawn.

At night the zombies are more deadly and more powerful predators appear. Make it make and fend them off.

So that's Dying Light. It's coming to Xbox One, PS4, Xbox 360, PS3 and PC. No Wii U, though.

As you'll see from the screenshots, it certainly looks a lot like Dead Island, so fans of that series will likely know what to expect from this new IP.

Rockstar has announced Special and Collector's Editions of GTA 5, to the surprise of no-one. Both editions are available to pre-order now and anyone who pre-orders (including those getting the standard edition) will get access to the Atomic Blimp vehicle in-game.

The Grand Theft Auto V Special Edition includes:

• Full retail copy of Grand Theft Auto V

• Collectible SteelBook with Exclusive Artwork
  This special SteelBook features double-sided, never-before-seen artwork of Michael, Trevor and Franklin. Custom color and metallic treatments bring out the detail of the artwork created exclusively for this SteelBook. 
• Blueprint Map
  This exclusive, additional 21.5” x 26.75” map displays a blueprint view of Los Santos and Blaine County. Cryptic markings indicate locations for fast cash and other points of interest for the up-and-coming entrepreneur. 
• Special Ability Boost
  Michael, Franklin and Trevor each have a unique special ability. With this boost, the special ability bar will generate 25% faster.
• Stunt Plane Trials
  Single player Stunt Plane Trials let you take on additional aerial challenges spread throughout Los Santos and Blaine County.
• Bonus Outfits, Tattoos and More
  Michael, Franklin and Trevor get bonus outfits in their wardrobes, character specific tattoos at tattoo parlors, and special deals from shopkeepers across Los Santos and Blaine County.
• Additional Weapons
  When visiting Ammunation stores in single player, merchants will have special weapons in their inventory available for free: the Pistol .50, Bullpup Shotgun and melee Hammer.

The Grand Theft Auto V Collector’s Edition includes all the contents of Grand Theft Auto V Special Edition as described above plus:

• Grand Theft Auto V Security Deposit Bag with Logo Key
  Inspired by the heists in Grand Theft Auto V, this custom 10.75” x 8.5” money bag features a pop-up style lock and laser cut logo key to secure important items. The reverse side features a pressed Rockstar Games logo on the security mount with a framed ID window.
• Grand Theft Auto V New Era 9FIFTY™ Snapback Cap
  This exclusive New Era 9FIFTY™ cap features an embroidered Los Santos logo on the front, a stitched, black Rockstar Games logo on the wearer’s left side, a Grand Theft Auto ‘V’ logo applique on the opposite side, and snapback closure for an adjustable fit.
• Custom Characters for Grand Theft Auto Online
  Get classic Grand Theft Auto characters to use within the Grand Theft Auto Online Character Creation System.
• Unique Vehicles and Garage Property
  Players will instantly receive a garage to store custom vehicles. In single player, the garage will be stocked with the 1930’s style Hotknife hotrod and the CarbonRS sports bike. In Grand Theft Auto Online, players will get the high-end Khamelion electric car.

Battlefield 4 has been confirmed to be coming to Xbox One and PS4 alongside its current gen brothers, but even more interesting is the revelation that it'll be playable at E3 2013.

And best of all is the fact that it'll be the Battlefield 4 multiplayer demo that will be there. The bit that people actually care about.

If you're unable to make it to E3, then you'll be pleased to hear that the Battlefield 4 demo will make an appearance during EA's E3 conference.

DICE will also be streaming the Battlefield 4 multiplayer demos with running commentary too, giving everyone a chance to experience the next-gen FPS game.

If Xbox One's reveal confused fans, with its emphasis on TV over games, that was nothing compared to what followed.

Reports emerged about having to pay a fee to install second-hand games and draconian DRM measures of having to be connected always online and what followed from Microsoft execs pressed on the matter were contradictions, confusing PR corporate speak and desperate attempts to avoid answering questions.

There's been a lot of confusion - we've been asked plenty of questions already about what the deal is with Xbox One - so we've rounded up the quotes and coverage to find out exactly what the deal is.

Xbox One DRM Quotes

Taken from Microsoft's official Xbox One Q&A:

"We are designing Xbox One to enable customers to trade in and resell games. We’ll have more details to share later."

Taken from EuroGamer's interview with Phil Harrison, Microsoft Corporate VP:

"Think about how you use a disc that you own of an Xbox 360 game. If I buy the disc from a store, I use that disc in my machine, I can give that disc to my son and he can play it on his 360 in his room. We both can't play at the same time, but the disc is the key to playing. I can go round to your house and give you that disc and you can play on that game as well.

"What we're doing with the digital permissions that we have for Xbox One is no different to that. If I am playing on that disc, which is installed to the hard drive on my Xbox One, everybody in my household who has permission to use my Xbox One can use that piece of content. [So] I can give that piece of content to my son and he can play it on the same system.

"I can come to your house and I can put the disc into your machine and I can sign in as me and we can play the game. The bits are on your hard drive. At the end of the play session, when I take my disc home - or even if I leave it with you - if you want to continue to play that game [on your profile] then you have to pay for it. The bits are already on your hard drive, so it's just a question of going to our store and buying the game, and then it's instantly available to play."

Taken from Rev3's interview with Matt Booty, GM of Redmond Game Studios:

"If I come over to your house and I play with my profile, then I'm going to be able to use that game. If you want to play with your profile, that's as if you're buying the game."

Xbox One DRM Conclusion

This is the one thing Microsoft has managed to get the messaging right on. Games are locked to your profile and you can play your games on a friend's Xbox One if you use your own profile. But what if your friend wants to play that game on his own profile? This is where Microsoft veers into used games territory and where the message becomes muddled.

Xbox One Used Games

Taken from Wired's Xbox One analysis:

Microsoft did say that if a disc was used with a second account, that owner would be given the option to pay a fee and install the game from the disc, which would then mean that the new account would also own the game and could play it without the disc.

Taken from Kotaku's 'You Will Be Able To Trade Xbox One Games Online' report:

"The bits that are on that disc, you can give it to your friend and they can install it on an Xbox One," [Phil Harrison] said. "They would then have to purchase the right to play that game through Xbox Live."

"They would be paying the same price we paid, or less?" we asked.

"Let’s assume it’s a new game, so the answer is yes, it will be the same price," Harrison said.

Taken from Microsoft's official Xbox Support Twitter account:

"You will not have to pay a fee. I can confirm those reports are wrong."

Taken from the official blog of Larry Hyrb, Director of Programming for Xbox Live:

"We know there is some confusion around used games on Xbox One and wanted to provide a bit of clarification on exactly what we’ve confirmed today. While there have been many potential scenarios discussed, today we have only confirmed that we designed Xbox One to enable our customers to trade in and resell games at retail."

Xbox One Used Games Conclusion

There were reports after the Xbox One reveal that Microsoft will charge a fee to 'activate' games on your machine if it had already been installed elsewhere. Phil Harrison himself is quoted as saying such to Kotaku (as a side-note to all this, if what Harrison says is true, the fee also seems ludicrously high).

At some point in the 24 hours following the Xbox One reveal, Microsoft tried to take the message back, saying that nothing had been confirmed and that only 'potential scenarios' had been discussed. Either Harrison and other Microsoft employees had jumped the gun by talking about install fees earlier than intended or Microsoft hasn't nailed down its exact plan for used games.

Either way - it's looking like a fee will be involved, the contradictions from Microsoft look bad and the Xbox fanbase is confused.

Xbox One Always Online

Taken from Microsoft's official Xbox One Q&A:

"It does not have to be always connected, but Xbox One does require a connection to the Internet. We're designing Xbox One to be your all-in-one entertainment system that is connected to the cloud and always ready. We are also designing it so you can play games and watch Blu-ray movies and live TV if you lose your connection."

Taken from Rev3's interview with Matt Booty, GM of Redmond Game Studios:

"In the absence of any internet connection, you're going to be able to play Blu-Ray movies, and there are likely to be some games modes that you'll be able to continue to play. But again, the Xbox One was really designed to take advantage of the modern era where people have got high speed internet, where it's just all the advantages it brings in terms of the cloud, knowing what your friends are doing, online play and everything else that goes along with having an internet connection."

Taken from Kotaku's interview with Phil Harrison, Microsoft Corporate VP

Kotaku: If I’m playing a single player game, do I have to be online at least once per hour or something like that? Or can I go weeks and weeks?

Harrison: I believe it's 24 hours.

Kotaku: I'd have to connect online once every day.

Harrison: Correct.

Taken from Wired's interview with Phil Harrison, Microsoft Corporate VP

Wired: I’ve heard that if your Xbox One does not connect with Xbox Live at least once a day, the machine becomes inoperable and you’re not able to play any of the games that you’ve paid for. Is that true?

Harrison: I don’t think that’s what was said. Let me try and clarify what is happening. So, there is a lot of anxiety about “what if my Internet connection goes down” and you don’t have connectivity for a period of time. There are a host of features which will be usable without an Internet connection — watching movies, playing certain single player games… all of which will operate offline. We expect most of the more advanced experiences, like online multiplayer games, or games which have a lot of connected features… those games won’t operate if you don’t have an Internet connection. We designed the system to take advantage of a connection to the cloud, and all that that means. But no, it’s not required that you are connected all the time, every second of every day.

Taken from Polygon's report on Xbox One based on an email from a Microsoft rep:

"While Phil [Harrison] discussed many potential scenarios around games on Xbox One, today we have only confirmed that we designed Xbox One to enable our customers to trade in and resell games at retail. There have been reports of a specific time period — those were discussions of potential scenarios, but we have not confirmed any details today, nor will we be."

Taken from the Twitter account of AceyBongos, Social Marketing Manager for Xbox EMEA

@RepairManJacked: We've been told the Xbox One will be required to connect to the internet once a day. They have no internet...what happens then?

@AceyBongos: Gotcha. Can't give you a definitive answer right now, sorry. More details to come.

Xbox One Always Online Conclusion

Oh dear.

If Microsoft's opening gambit on its own Q&A page of "it does not have to be always connected, but Xbox One does require a connection to the Internet" sounded confusing, that's nothing compared to what followed. Microsoft's execs all seemed to be reading from different scripts.

We're still none the wiser as to how often Microsoft checks if Xbox One is connected to the internet - the only number out there right now is Phil Harrison's 24 hours figure, quoted to Kotaku, and he then refuted that same number to Wired shortly afterwards. We're also not entirely sure what happens if Xbox One fails that check. It can play Blu-Ray movies. Great. What about games? Only 'certain single player games' that aren't 'advanced'. Oh.

Microsoft has two weeks before E3 to untangle this mess internally, decide its message and come out strong - especially as Sony will be looming large and looking to take advantage of this surprising slip-up.

Darkwood first popped up to the masses on Steam Greenlight, but many of you may not have heard of this interesting looking survival horror game.

The game features a top-down view of your character as he navigates proceedurally generated environments in a dark and creepy universe.

Darkwood blends elements of horror with the recent craze of survival games such as Minecraft and Project Zomboid. Making it a... survival horror game? Wait. That's giving off the wrong impression.

You'll need to explore the world, find supplies, secure your defences and - hopefully - survive against the weird and creepy enemies of the world. It's certainly an interesting project and if you're a fan of horror games this could be the one for you.

It's Indiegogo project has been active for a little while now but already it has amassed (or half) of its goal, with 15 days left to go. It's almost certain to reach the final goal.

We've included some gameplay below but you must definitely go over to the Darkwood Indiegogo page to back it or, at least, get hold of a few more details.

Microsoft announced the Xbox One to a mixed audience yesterday, largely thanks to the reveal event having very little in the way of games.

But don't worry, that doesn't mean you won't have something to play when it launches later this year, there's still plenty coming - whether first-party or third-party - so you can still get excited.

Additionally Microsoft revealed that there would be 15 exclusive games released just for the Xbox One in its first year, not to mention the untold others coming from third-parties.

First-Party Xbox One Games

Microsoft has announced only a handful of games being developed or published in-house, but here's what it has confirmed.

Forza Motorsport 5
Developer: Turn 10

It was always going to happen, but here you are. Little is known about Forza 5 but it is developed by Turn 10 so you can be certain it will be a fantastic racing game if nothing else.

Quantum Break
Developer: Remedy Entertainment

Developed by Alan Wake developer Remedy Entertainment, Quantum Break is a brand new IP that will look to blend television drama and gaming together. A press release read:

"How you play the game impacts the show, and the show informs how you play the game."

No real details of how this will work have been supplied, but the screenshots release suggest it could be a third-person shooter.

Ryse
Developer: Crytek

Though it was initially announced as an Xbox 360 Kinect game, Ryse has now been confirmed to be a next-gen Xbox One only game. And yes, it's built for the new and improved Kinect.

However, Ryse is not a controller-based game and will only be enhanced by Kinect - presumably the ability to use voice commands.

No details have been revealed, but we will see more of Ryse at E3 2013.

Third-Party Xbox One Games

Third-party developers have been working on next-gen games for quite some time and, as a result, there's a larger number of third-party games for the Xbox One than there are first-party.

It's worth noting that all of the following games are also going to be available for the PS4.

Assassin's Creed 4: Black Flag
Developer: Ubisoft

Assassin's Creed 4 was announced long before we knew about next-gen, but Ubisoft was still working on it all the same. Now that both the PS4 and the Xbox One have been announced, Ubisoft has confirmed it will be releasing on both.

Assassin's Creed 4 will let you play as a pirate during the Golden Age of Piracy, who will be able to sail across the open seas of the Caribbean and visit numerous locations.

Battlefield 4
Developer: DICE

Battlefield 4 - and its all new next-gen engine Frostbite 3 - was announced running on a PC and targeting Xbox 360 and PS3. But now it's confirmed that it'll also be coming to PS4 and Xbox One.

DICE is trying to target a more emotive storyline with Battlefield 4, but little has been seen in the way actual details. There's plenty of gameplay, however, so you can make your decision that way.

Call Of Duty: Ghosts
Developer: Infinity Ward

Would you believe it? A new Call Of Duty game.

Infinity Ward is back on as the developer of this year's Call Of Duty, which will feature all new characters, an all new storyline and the inevitable changes we will see.

Call Of Duty: Ghosts will feature a new next-gen engine, and the Xbox One will continue the Xbox 360's tradition of having timed-exclusive access to the latest DLC.

The Evil Within
Developer: Tango Gameworks

Developed by the original Resident Evil creator Shinji Mikami, The Evil Within is a return to the survival horror games that we know and love.

Few details have been provided but it promises to have an immersive world, tension and an intricate story.

FIFA 14
Developer: EA Sports

As part of EA's "special partnership", Microsoft and EA Sports are teaming up to exclusively bring Ultimate Team to Xbox One.

Everything else, however, will be the same across next-gen platforms. It's FIFA though, so whether you're excited or not there isn't really much we can say about this one.

Lords Of The Fallen
Developer: City Interactive

City Interactive - developer of Sniper: Ghost Warrior - has announced that it will be developing Lords Of The Fallen for next-gen consoles.

It is a hardcore RPG and is said to be akin to Dark Souls, but with a Borderlands style of character progression. It has already been in development for nearly two years and will release in 2014.

Madden NFL 25
Developer: EA Sports

As with FIFA 14, there isn't much we can add to Madden NFL 25 that will persuade you either way. You either want to get it or you don't.

NBA Live 14
Developer: EA Sports

EA Sports is returning with its NBA license to bring a next-gen NBA game to Xbox One and PS4.

Again, there isn't much more to add to this particular entry that you'll be interested in if you aren't already.

Shadow Warrior
Developer: Flying Hog Games

Flying Hog Games are the indie developers of the classic-feeling FPS Hard Reset, and are also developing reboot of the retro FPS Shadow Warrior.

It'll bring the classic arcade-feeling of the original, with over-the-top guns and the vicious use of the katana. It will be on PC, PS4 and Xbox One.

Sniper Elite 3
Developer: Rebellion

Sniper Elite V2 perhaps wasn't the sniping game it could've been, but it certainly had some decent mechanics to it. The third in the series will focus more on open world gameplay, however, and will hopefully enable the sniper game we all deserve.

Little else has been provided in the way of details.

Thief
Developer: Eidos Montreal

Thief was one of the first games to be announced as a next-gen only game, and the interest in the game has remained high. It is a reboot of the series, but will still feature Garrett, the City and his ability to steal everything.

Garratt will also come with a focus, which he will use to identify elements of the game that will help him improve his stealth.

UFC: Ultimate Fighting Champion
Developer: EA Sports

EA has managed to make a name for itself as the go-to UFC game, and having retained the license to the rights of UFC it seems it is keen to keep that going into next-gen.

Very little is known about what will be different about the next-gen UFC game, but it's clear it will be the go-to sweat simulator if you want to know just how realistic next-gen sweat is. Kind of like Fight Night Round 3 when the Xbox 360 was new.

Watch Dogs
Developer: Ubisoft

Watch Dogs turned heads when it was first revealed at last year's E3 and since then it's continued to be one of the most anticipated next-gen game.

Players will exist in a semi-futuristic version of Chicago where everything can be hacked and controlled by main character Aiden.

Multiplayer will play an interesting part in Watch Dogs too featuring a persistent world that can be interacted with by your friends. Few details have been revealed on exactly how, though, and we will likely see more of it at E3.

The Witcher 3: The Wild Hunt
Developer: CD Projekt RED

The Witcher has always been a series about pushing visuals, most notably with The Witcher 2. The third-one looks set to do the same for next-gen consoles.

It will include a handful of improvements to the series, including a more open world and more dynamic quests.

Wolfenstein: The New Order
Developer: MachineGames

Wolfenstein is a classic reinvisioning of the FPS we all know and love, featuring mecha Nazis, lots of guns and impressive next-gen visuals.

There's little else known about the game, but we can certainly expect to see more of it at E3 2013.

Xbox One was finally revealed last night to a generally negative reaction from the core gaming crowd, thanks to Microsoft's emphasis on TV over games. We can only go by the reaction on Twitter, Facebook and various forums but hell, we were disappointed too.

But that wasn't the case across mainstream media, where the games aspect isn't perhaps quite as important and there was a general enthusiasm for the multimedia aspects of Xbox One. Here's what they had to say…

THE SUN

The news that really got gamers salivating was the exclusive gaming deals they announced. Downloadable content for the new Call of Duty game, Ghosts, is available exclusively first on the Xbox, as is FIFA 14's Ultimate Team feature.

Fans were treated to some spectacular footage from both flagship titles, as well as some glorious footage of Forza Motorsport 5 — one of a number of titles that will be available as soon as the console is out.

TIME

Microsoft’s answer: a set-top console that looked less than ever like a stylized game console and more like a traditional, almost mundane piece of orthogonal, black, glossy hi-fistereo equipment. The new console was joined by a revamped Kinect camera — included with each Xbox One — and a refined, slightly more angular version of the Xbox 360 gamepad (making it look a hair more like a batarang).

“For the first time, you and your TV are going to have a relationship,” quipped Mattrick, a statement that sounds awkward at first blush — we’ve had a relationship with our TV sets for decades — until you realized he was hyping Microsoft’s considerable ramping-up of the Xbox brand as a media-platform first, and a games console second

FOX NEWS

For years - and I mean years - consumer electronics and computer companies have been struggling to replace the panoply of boxes hanging off American televisions. Game consoles, DVD players, cable boxes, DVRs - it's a mess.

So it was no surprise that Microsoft announced today a new Xbox it hopes will become the all-in-one device in your living room. What remains to be seen is if it's already too late to become the entertainment hub in the home, and perhaps more important, whether it can save the flagging fortunes of the console gaming market.

FORBES

In such a short amount of time, there were a lot of different aspects of the system they tried to cram in before the hour was up. They talked about new EA Sports titles and fantasy sports integration. Then they pivoted to a Forza tech demo and a confusing live-action/animated teaser trailer for a game called Quantum Break.

Then they went back to TV and sports, offering yet another proclamation about fantasy football integration with the NFL, and then Stephen Spielberg showed up to announce he was supervising a live action Halo TV series on Xbox Live.

Then of course, they closed out the presentation by giving Activision 15 minutes to showcase Call of Duty: Ghosts, which should be noted is a previously announced, non-exclusive title for the Xbox.

It gave us a glimpse into the graphical capabilities of the Xbox One, but mostly it was a commentary on what passes for innovation in the series these days, as designers bragged about how fish now dart out of your way during underwater sequences. Also, get this, you can now customize your character in multiplayer! Big moves, and certainly worth devoting 25% of the presentation to singular non-exclusive title.

THE MIRROR

The new Xbox offers much to excite serious gamers, including 15 new gaming titles and a slew of almost inevitable hardware upgrades, but Microsoft have also opened up the new Xbox to appeal to more mainstream entertainment fans.

The key here is the new live TV link-up, including an HDMI out and in, which means that you’ll be able to control all types of TV through your console, with Zeebox-esque trending EPGs as standard.

CNN MONEY

From a hardware standpoint, while everything is more powerful, little is radically different from the Xbox 360. Similar to Sony's PlayStation 4, the Xbox One has a custom-built 8-core CPU, with 8 gigabytes of RAM, a 500 gigabyte hard drive, USB 3.0, 802.11n Wi-Fi, and a Blu-ray drive. The controller has received some cosmetic changes to its exterior, adding a more precise joystick.

The once removable battery is now fully integrated, but at its core, it offers the same game-playing experience it always has.  The console itself is more angular and practical looking than either of its two predecessors. Flat and rectangular like a cable box, you could almost call the design reserved. But it is by no means unattractive, and will probably sit tucked away in a cabinet anyways.

USA TODAY

It's been a dream for Microsoft since 2001: create an entertainment device that dominates the living room. Although they moved one step closer in this conquest with the Xbox 360, it appears the Xbox One might put them over the top.

The company revealed several nifty features for its Xbox One during an event at its headquarters in Redmond, Washington. Users will be able to navigate and watch live TV, make video phone calls with Skype, flip between apps quickly using the clever Snap feature and even turn the device on with only your voice.

REUTERS

Microsoft Corp unveiled the "Xbox One" on Tuesday, its first new gaming console in eight years, and its strongest push so far to dominate consumers' living rooms with an array of exclusive media content. The Xbox One took four years to develop and will be the launchpad for a "Halo" live-action video series produced by Steven Spielberg.

CNBC

The biggest additions are Xbox One's inclusion of live TV as well as Skype. The technology allows users to easily switch between each of the entertainment options — live TV, games, music, movies, and Internet Explorer. Instead of having to switch inputs, users can instantly switch with a quick oral request to the voice sensor.

And unlike other consoles, two windows can be open at once so users can play games and have music on at the same time. ESPN showcased the ability to watch live basketball on TV and to look up player stats at the same time

WALL STREET JOURNAL

Microsoft unveiled a reinvented Xbox videogame console Tuesday, demonstrating an advanced motion and voice-control system and new television functions as it tries to thrust the machine back into the spotlight amid changing consumer habits.

The Redmond, Washington, software giant said its new device, dubbed Xbox One, was designed to take advantage of new technologies to offer customers ways to play games while responding to trends such as the popularity of smartphones and tablets.

Microsoft also integrated technology from its Skype video chatting subsidiary into Xbox One, allowing customers to interact with friends using a more refined version of the Kinect motion and speech sensor.

Microsoft announced its Xbox One yesterday, with only a handful of games revealed for the console. Forza 5 was one of those games, and it looks rather snazzy.

Microsoft has released a collection of high-res screenshots for Forza 5, highlighting the McLaren that played centre stage to the announcement.

The Forza 5 announcement video was also released alongside these fancy new screenshots, both of which you can see below.

Microsoft's next-gen console - the Xbox One - was announced yesterday at the official unveiling in Redmond.

Alongside this was the first gameplay footage of Call Of Duty: Ghosts, the next entry and first next-gen Call Of Duty.

We've seen Call Of Duty: Ghosts in action and have plenty of details about the new game for you to peruse, and even spoke with Infinity Ward about some of the changes to the game.

Most interesting, however, was the reaction many gamers had to the revelation that Call Of Duty: Ghosts will now feature a canine ally - there's even a hilarious Twitter account named CollarDuty just about that dog.

Though Microsoft has just announced the Xbox One, it hasn't yet officially revealed the price of the next-gen Xbox.

UK-retailer Zavvi, however, has gone live with its pre-order scheme, revealing the price of the Xbox One in the UK to be £400.

Though this could be an estimate on Zavvi's part, it ties in with Paul Thurrott's claims that the Xbox One will cost around in the US.

The Xbox One is confirmed to be releasing this year, though a more specific date hasn't been provided. Microsoft will likely aim to release the Xbox One towards the end of 2013.

We'll have a look around at other retailers for possible price listings of the Xbox One, but the majority of websites offering a pre-order scheme aren't hinting at the price or release date at all.

This will be updated as more information comes through following the Xbox One reveal.

• The tech specs - 8 Core CPU, 8 GB System Memory, 5 billion transistors, 802.11n Wireless with Wi-Fi Direct, HDMI In/Out and USB 3.0
• Xbox One will have 500 GB of hard drive storage

• Xbox One will use a slot-loading Blu-Ray drive
• Xbox One will be 'four times quieter' than Xbox 360 (Engadget)

• Xbox One won't be compatible with backwards compatible with Xbox 360 games or Xbox Live Arcade games but your Xbox Live gamertag and gamerscore will carry over (Engadget)
• You can record your gameplay and edit it in the console itself. Achievements will change to be 'more dynamic' and you can search for a match while watching TV
• Xbox One requires an internet connection and has to be online once every 24 hours (Kotaku)

• All games have mandatory installs to the HDD and second-hand users will have to pay a free to unlock the ability to install the game themselves (Wired)

• Every Xbox One comes with Kinect 2.0 and will be used to switch between games, TV, movies and web browsing. It will also be the unit used for Skype
• The new Kinect captures RGB colour video at 30 frames per second and has a wide-angle 1080p HD depth camera. It can work in a completely dark room
• Kinect 2.0 can detect your heartbeat, rotations in your wrist or shoulder and the new Xbox controller
• Xbox One will NOT function without Kinect 2.0 connected
• 1080p and 4K are both supported in terms of video, while Xbox One supports 7.1 Surround Sound
• Besides the aesthetic tweaks, the big addition to the new pad is the 'impulse triggers', which are small rumble motors built into the left and right triggers. The pad has a micro USB port at the top and an 'accessories port' in the usual headset port position

Microsoft has just announced the Xbox One but, despite consistent rumours surrounding an always-on DRM feature, the console manufacturer failed to address it.

However, Microsoft has revealed that the Xbox One will have a mandatory install for every game you play.

"On the new Xbox, all game discs are installed to the HDD to play," said the Microsoft spokesperson in an email to Wired.

A second user will still be able to use the disc, but will be prompted to pay a fee and unlock the ability to install the game themselves - counting themselves as owning that game and being able to play the game without the disc.

It was not clarified whether or not a game disc could be used without first paying the fee and unlocking the game.

Meanwhile, speaking to The Verge, Microsoft's vice president of Xbox Live revealed that the Xbox One will not be backwards compatible with the PS4.

"The system is based on a different core architecture," said Whitten, "so back-compat doesn't really work from that perspective."

The PS4 also won't be backwards compatible with PS3 games, though it's not yet known whether the same is true of PSN games.

No real surprises here but Ubisoft has confirmed Assassin's Creed 4: Black Flag and Watch Dogs will be coming to Xbox One.

“The next generation of consoles will reinvigorate our industry and make it possible for us to deliver incredible new entertainment to gamers,” said Yves Guillemot, co-founder and chief executive officer, Ubisoft. “Our teams are using the innovations in connectivity, immersion and social gaming included in Xbox One to create original and memorable next-gen gaming experiences."

Both games are planned to launch on Xbox One 'within the system's first 12 months on the market.'

Xbox One has just been announced by Microsoft but it seems most of the world wasn't that impressed.

After a conference that focused largely on the entertainment capabilities of the console - and only a handful of games were named - many gamers, ourselves included, were left feeling a little cold.

As a result Sony's share price is rising - quite sharply - hovering around an increase of 9% at the time of writing.

Microsoft's, however, has dropped, though only by a fraction of a per cent.

So, good news for Sony. Hopefully Microsoft will have a bit more to show us during E3 because, right now, we need more.

Activision has announced that the DLC for Call Of Duty: Ghosts will launch exclusively for Xbox One first.

It seems to be a continuation of the partnership that saw DLC launch for Call of Duty titles on Xbox One before it was released for PlayStation 3 and PC, most recently seen with the Uprising DLC for Black Ops II.

More to follow.

Microsoft has just announced its next-gen console - the Xbox One - and revealed that the console will release worldwide this year.

There was no more specific information given, but it will likely be later in the year.

Microsoft also announced details of the new and improved Xbox Live, as well as a short glimpse at Forza 5 - the first game to be announced for the Xbox One.

Microsoft also revealed that the Xbox One will have 15 exclusive games released in the first year of the Xbox One, but provided no more details on what many of these will be.

Microsoft has just announced Forza Motorsport 5 for the Xbox One, revealing some of the graphics we can expect for the next-gen.

Turn 10 Studios is the developer of the next-gen console and will be a launch title for the Xbox One, whenever that will be.

Nothing else was detailed about the game, but we will see more from Forza 5 at E3 2013.

EA has revealed that its popular Ultimate Team mode will be an Xbox One exclusive on FIFA 14.

The news came from Andrew Wilson during the Xbox Reveal conference.

More to follow.