What was once Project Scorpio is now the Xbox One X, after Microsoft officially announced its next console earlier this evening. A fitting name if there ever was one, it brands what will exist as the world’s most powerful gaming console when it launches on November 7th.

An improved version of the Xbox One console, the X will be the first of its kind to require liquid cooling. Said heat regulating will be needed for the system’s 7 billion transistors, 12 gigabytes of DDR5 RAM, 326GB/s of memory bandwidth, 1.172 GHZ GPU and 6 teraflops of performance power. For comparison’s sake, Sony’s PlayStation 4 Pro offers 4.3 teraflops.

In order to get the most out of the Xbox One X, you’ll need to own a 4K TV with good HDR capabilities. Of course, you probably knew that, and may be factoring that into your decision as to whether this device will be worth a purchase. Microsoft won’t be leaving those of us who are still rocking 1080p TVs out, though, as the company made sure to highlight how the X will even offer visual improvements to games running in 1080p, which the S (and original Xbox One) will not be able to match.

Of course, the biggest question going into today’s presser was how much this thing would cost. Well, it’s going to be $499.99 in the US and $599.99 here in Canada, which is generous given that current currency translations suggest that it should cost between $650 and $700 CAD.

Stay tuned for more information pertaining to the Xbox One X as it develops, and start saving your pennies.

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