All the news from Microsoft's Xbox One event at E3 2013

Microsoft has confirmed that the games it releases for the Xbox One will sell for $59.99, just like those for the Xbox 360, and Sony has previously suggested that it will also be sticking to the old price point. A spokesperson told Polygon that Microsoft Studios games will have a standard price of $59.99, meaning that we won't be seeing a premium for the extra work of making next-gen titles, despite what developers have said about the increased complexity of building for the new console.

It's been a long time since the last generation of Microsoft and Sony consoles was released; that jump in specs came with a price hike of $10, bringing the cost of the average game from $49.99 to $59.99. Sony hasn't officially confirmed a next-gen price point, but in February executive Jack Tretton described a PS4 game pricing structure that would go from 99 cents "up to those $60 games." Amazon, Best Buy, and others are also listing $59.99 prices for PlayStation 4 title pre-orders.

Before yesterday's E3 keynotes from Sony and Microsoft, opinion was split on the very different paths each company is taking. Some found the PlayStation 4 the more appealing proposal on paper — a more powerful, developer-friendly box that seemed to have been created with gamers' best interests in mind. Others, however, were more impressed with the Xbox One's expansive entertainment options and Microsoft's audacious plan to take over the living room. Now that both companies have played their hands at the biggest gaming show of the year, where do they stand?

If a quick poll around the Verge newsroom is any indication, things are looking up for Sony. The PlayStation 4, while perhaps a more conventional product, appears to beat the Xbox One in just about every area that counts.

While Microsoft's original Xbox One announcement spent a lot of time focused on media and the living room, today's E3 keynote was geared primarily towards gaming. If you'd like to take a look at what the company and its partners had to show — or take a peek at the redesigned Xbox 360 — we've got the highlights wrapped up for you in just over two minutes.

Microsoft’s Xbox One announcement last month left something off the list: video games. Yes, Microsoft was very clear that the Xbox One would dominate and absorb every facet of your living room and your entire entertainment lifestyle. But it wasn’t clear about “Halos.” Well, there’s a Halo TV show, but in our prior experience Halo was a video game, and based on unconfirmed reports, the Xbox One was a video game console.

E3 was Microsoft’s chance to correct that oversight, and boy oh boy did they ever. Outside of a few quick respites to talk about some new overall Xbox functionality, the press conference today in Los Angeles was a nonstop onslaught of games, games, games.

Details on the game itself are thin at present; Microsoft elected not to show gameplay footage or reveal the name of the new release. A studio representative said that the new Halo would use cloud power in some capacity and run at 60 frames per second, while taking "full advantage of the power and flexibility of Xbox One."

Microsoft is announcing that Xbox One will be released in November for $499. The One will be available in 21 markets around the world, including the UK where it will be priced at £429. In Europe the Xbox One will be priced at 499 euros. For $499 you'll get the new console, a wireless controller, the new Kinect, and a 14-day trial of Xbox Live Gold. Microsoft is also planning a limited-edition commemorative bundle at the same price, complete with unique packaging, a limited edition controller, and a commemorative achievement for Xbox Live.

Additionally, gamers who pre-order Ryse: Son of Rome, Forza Motorsport 5, Kinect Sports Rivals, and Dead Rising 3 will get access to bonus content like multiplayer maps and additional in-game features. Microsoft is also releasing Xbox One Play & Charge kits at launch, alongside a new Xbox One Chat Headset that's wired to the controller. These will be available to purchase separately at launch.

Microsoft has drawn criticism for the Xbox 360's transaction system, where users are forced to buy virtual points in increments of 1000 despite most Xbox Live Arcade games costing 800 points ($10) or 1200 points ($15). The company does allow for purchases in real currency on its Xbox Games on Demand service, which offers full retail games in downloadable form.

Check out our Xbox E3 2013 Live Blog for the latest updates!

Microsoft is detailing its new SmartGlass for Xbox One at E3 today. The updated feature now allows gamers to get hints from their iPad, iPhone, or Windows tablet while playing games. Xbox Live will also be able to set up multiplayer games during the middle of games. Perhaps the biggest improvement is the integration of Twitch streaming, allowing gamers to broadcast their session to the web. Microsoft is also supporting sharing through its Upload Studio feature that lets Xbox One owners share clips of games.

Check out our Xbox E3 2013 Live Blog for the latest updates!

An Xbox One version was far from a sure thing, however — original Minecraft creator Markus "Notch" Persson was less than complimentary about the new Microsoft console upon its initial reveal last month.

Check out our Xbox E3 2013 Live Blog for the latest updates!

Microsoft is trotting out new games for the Xbox One at E3 2013, including some of the platform's 13 exclusive launch titles.

The E3 show started with a trailer for Metal Gear Solid V: The Phantom Pain — an open-world Metal Gear game for the Xbox One. The new MGS looks filled with plenty of the same weird convoluted drama as in earlier titles, except with a fresh voice makeover; 24's Kiefer Sutherland will be voicing the new Solid Snake.

Microsoft will start offering two free games a month to its Xbox Live Gold subscribers. The promotion is in the vein of Sony's PlayStation Plus service, which charges a monthly fee for a rotating lineup of free and discounted games. Sony does not charge PlayStation 3 owners for access to online multiplayer gaming, which is restricted to paid Live members on Xbox 360.

Two of the first games to be available for free will be Assassin's Creed 2 and Halo 3. Microsoft made the announcement at its E3 keynote presentation, where it also revealed an Xbox 360 version of World of Tanks, the popular free-to-play PC title. The game will require an Xbox Live Gold subscription.

The revised console is said to be smaller (and quieter) than any previous hardware iterations of the 360. In terms of looks, the Xbox One inspiration is clear; the new Xbox 360 features a split glossy / matte design resembling that of its next-gen successor. The power button has also been shrunken significantly and now is placed directly next to the eject button near the optical disc tray. Microsoft has also committed to support its aging console in the months and years ahead with "hundreds" of upcoming game releases. Additionally, it's expanding Xbox Live Gold with a new program that will reward subscribers with two free games per month.

Developing. Check out our Xbox E3 2013 Live Blog for the latest updates!

Microsoft is reportedly launching its Xbox One console in November. Speaking on a pre-E3 show today, Rare executive producer Danny Isaac confirmed the launch date. Isaac only mentioned the month of November, but with Microsoft set to take the stage at E3 in a matter of minutes it's likely that we'll get a firm date for the release of its next-generation console shortly.

Update: Microsoft has now confirmed the November launch date, and that the console will cost $499.

Next week is going to be crazy, from start to finish. On Monday, Apple's hosting its annual Worldwide Developers Conference where the company will announce a new version of iOS featuring a much-anticipated visual overhaul by Jony Ive, as well as a new version of OS X. At literally the same time, Microsoft will be holding its Xbox One press conference at E3, where we'll presumably hear a lot about upcoming games for the new console. A few hours later, Sony's PlayStation E3 keynote will kick off, where we'll hopefully get our first actual look at the PS4 — and find out how Sony intends to compete against Microsoft's ambitious living room plans.

And that's just Monday.

Microsoft just unveiled its next-generation Xbox, and in addition to the console itself, the company also revealed some of the games that will be coming to the platform. Electronic Arts announced a quartet of sports games, including Madden NFL 25, NBA Live 14, EA Sports UFC, and the previously revealed FIFA 14. The titles will be powered by the brand new EA Sports Ignite game engine. "All four will launch in the next 12 months," said EA's Andrew Wilson. "All four will be revolutionary." EA says that the games will receive some sort of Xbox One-exclusive content, which will be revealed in the "coming months."

As we previously reported, Turn 10 Studios' racing series will also be among the console's early titles, with the Xbox-exclusive Forza Motorsport 5 available at launch. Alan Wake developer Remedy Entertainment was also on hand to unveil Quantum Break, a title that blends the blends live-action television with gaming, though the announcement was lacking in solid details. And as expected, Activision announced that the upcoming Call of Duty: Ghosts will be coming to the console, and the publisher also revealed a new trailer for the Infinity Ward-developed game. While the title is coming to several platforms, the Xbox One version will receive some exclusive content in the form of downloadable content. More Xbox One titles will be announced at E3 next month.

The newly-designed Xbox One hardware will come with a redesigned controller, Microsoft revealed today at its next-generation Xbox event in Redmond, Washington.

Microsoft says its console gamepad has been "refreshed with more than 40 technical and design innovations," including an updated directional pad, thumb stick, integrated battery compartment, and an "ergonomic fit." That includes new "vibrating impulse triggers" designed to provide feedback to players' fingertips.