The new Xbox will be called Xbox 1. The system has a sleeker new console, a new controller, and a new Kenect system. The Xbox 1 is also voice-operated, and can be turned on by simply saying "Xbox on."
It takes you to a "personal homescreen" and you don't have to sit and wait for game updates.
You're able to watch live TV, watch movies, and surf the internet on the Xbox 1. You can switch seamlessly via voice control from TV, to games, to music, all centered on the Xbox 1.
Check out the live blog for more updates!