Microsoft unveils its biggest attempt to take over the living room with the anticipated reveal of the Xbox One. Xbox One will feature a combination of the Xbox platform and Windows for seamless, instant access to your games and favorite internet, TV and entertainment applications. Microsoft is also announcing a completely revamped Xbox Live with cloud integration and a new and overhauled Kinect Sensor that comes with every Xbox One that will feature a 1080p camera, a wider field of view, and vastly improved voice with conversational voice recognition. On the hardware front the new Xbox will feature a 500GB hard drive, Bluray, 8 Core CPU, 802.11n, USB 3.0, and HDMI in/out. Xbox One is set to hit shelves later this year.