During the Microsoft E3 2016 conference they officially revealed the Xbox One S which was recently leaked via NeoGaf forums. The Xbox One S will come in 500GB, 1TB or 2TB hard drive sizes and is available for pre-order now on Amazon.
During the press conference, Microsoft announced the console is 40% smaller and supports 4K gaming and a slightly different design to the original Xbox One.
Along with the announcement of the Xbox One S was Project Scorpio which seemed to be another console with even more power which would be a part of the Xbox One family. Other E3 announcements also included a standalone GWENT card game from The Witcher 3 and the Microsoft Anywhere scheme.