We were all aware of its existence, but now we know it's a real thing: Microsoft is releasing a smaller, leaner version of the Xbox One called... the Xbox One S.
Thanks to this official listing, we now know that the 2TB Xbox One S will retail for $549 in Australia.
Microsoft Australia confirmed to us it would be available in August.
In addition, Microsoft announced an official price drop for the existing Xbox One. Starting from today the 500GB Xbox One is $399, and the 1TB Xbox One is now available at $499.