According to Market Watch the device was presented by the President of Interactive Entertainment Business at Microsoft, Don Mattrick.
Mattrick called the "Xbox One" the "ultimate all-in-one home entertainment system" adding that the company's plan was to take "passion for gaming and turn that on to [an] entire TV experience."
Among the several new features the console offers are the capabilities of being controlled via voice commands or through Windows-based touch devices. In addition, the device will feature a Snap Mode that allows for multiple programs to be run at the same time as well as a Skype application.
Michael Pachter of Wedbush Securities told MarketWatch the most important take from the presentation was the new Xbox's "complete entertainment experience."
“The most important takeaway is that Xbox One offers a complete entertainment experience, with the ability to watch broadcast TV, older programs, movies, play games, surf the web, or have a Skype conversation,” he said.
More details about the Xbox One, possibly including its launch date, will be revealed at the E3 videogame conference in Los Angeles, Calif. which takes place on June, 11.