Nintendo's Pro Controller is one of my favourite gamepads, so it's nice to see Microsoft are doing something similar with their gamepad.
The Phantom Black Special Edition is basically a translucent - well, almost translucent - version of the stock Xbox One controller. It's also got a nice gradient on the front, where the controller becomes more and more opaque as it gets to the bottom.
As you can see, the back of the controller is only translucent on the sides. That said, you can see the back appears to have the slightly textured rubber that shipped with the Xbox One S controllers.
If you're interested, you can grab the Phantom Black from the Microsoft Store for $99.95. It'll be available from September 11.