Xbox One revealed In stores later this year

Microsoft's new Xbox has been officially unveiled at the company's Redmond campus in a big, giant tent in the middle of the complex (so much for the console sharing its birth story with friends as a teenager).

For a sense of symmetry with our PlayStation 4 reveal post, the announcement of the new Xbox console comes seven years and six months (2,737 days) after the launch of the Xbox 360, marking one of the longest distances of wibbly-wobbly timey-wimey stuff between one console and its next regeneration.

The distance in time between this console and the last certainly makes up for the original Xbox's lifespan, which was one of the shortest, at a mere four years and one day.

Update: The Xbox One will launch "later this year," Microsoft President of Interactive Entertainment Business Don Mattrick said near the end of today's conference.