Update: Microsoft closed the conference by announcing that the Xbox One X will be $499.
Original: Microsoft opened its E3 2017 Press Conference with a reveal of Project Scorpio's official name: Xbox One X.
The console will be by far the most powerful console ever made when it releases on November 7th, with theoretical computing power surpassing 6 TFLOPs. More surprisingly, it will be the "smallest Xbox ever" with dimensions coming under 11 x 9 inches.
The Xbox One X will support all Xbox One games, controllers, and accessories at launch. It will also take advantage of the Xbox One's growing list of backward compatible games.