Microsoft officially unveiled the new and improved XBox One S at E3 2016 and the console is scheduled to go on sale this August for $399.

But before you make the decision to upgrade your video gaming console here are some specs about the most advanced XBox ever:

- The XBox One S is 40% smaller than the previous console, it has an internal power supply, and 2TB of internal storage. Furthermore, you can play all of the XBox 360 classics on the XBox One S.

- 4K Ultra HD provides four times the resolution of standard HD, delivering the clearest, most realistic video possible. XBox One S owners will also be able to stream 4K content on Netflix and Amazon Instant Video.

- A new, sleeker, wireless controller provides up to twice the range of its predecessor, complete with Bluetooth technology to play your favorite games on Windows 10 PCs, tablets and phones.

Of course, there's already a "Project Scorpio" XBox console in the works for 2017 but if you're ready to upgrade now the XBox One S is only months away.