Microsoft on Tuesday unveiled its newest gaming and entertainment system, Xbox One, which will go on sale later this year.
According to a Microsoft news release, the Xbox One is "the all-in-one gaming and entertainment system created for today and the next generation."
Microsoft revealed some of the features of Xbox One and they include:
• TV on Xbox One. Navigate and watch live TV from your cable, telco or satellite set-top box through your Xbox One. Microsoft is committed to bringing live TV through various solutions to all the markets where Xbox One will be available.
• Home. Turn on your entertainment system with two powerful words, “Xbox On,” and a custom-tailored Home dashboard welcomes you with your favorite games, TV and entertainment.
• Snap. Do two things at once on the biggest screen in your home. Use Snap to jump into a multiplayer battle while watching your favorite movie, talk with friends on Skype while watching live TV, or track your fantasy team on TV as you watch the big game and more.
• Skype for Xbox One. Specially designed for Xbox One, talk with friends on your TV in stunning HD, or for the first time ever, hold group Skype calls on your TV.
• Trending. Stay on top of what is hot on TV by discovering the entertainment that is popular among your friends, and see what is trending within the Xbox community.
• OneGuide.,  Find your favorite entertainment easily, searching by network, name or time, all with the sound of your voice and presented in a tailored program guide.
Media coverage of the Xbox One
Washington Post: Xbox One: Microsoft's plan to take over your living room
The Wall Street Journal: Microsoft Shows Off Xbox One Console
Fox News: Can the new Xbox One save gaming?