Microsoft began their presentation at this year’s E3 2017 convention by diving right into their much-hyped “most powerful console ever,” previously code named Project Scorpio. The console’s official name has been revealed, and we now know that it will be called the Xbox One X.

On top of that Microsoft revealed full specs for the console, that all Xbox One games will be playable on it from the start, and that it would actually be the smallest Xbox console ever made, believe it or not.

You can see a video of the specs being announced, as well as a trailer for the new console below.

This week, the internet is legally free for all, but not for Gawker, Microsoft buys LinkedIn, and all the latest from Apple‘s Worldwide Developers Conference and the Electronic Entertainment Expo…and much more!

To kick off their E3 2016 briefing, Microsoft announced a new slim model of the Xbox One called the Xbox One S. New console offering announcements were expected leading up to E3, so this was no big shock, but it was not the mysterious “Project Scorpio” that had been rumored. No, Microsoft saved that one for last.

To close out their presentation, Microsoft shared a video for Scorpio, which they believe will be the most powerful console ever created when it is released during the 2017 holiday season. The big question is, is this a good thing…or is it a very bad thing?

Read more and check out the video below.