Xbox Series X is coming next winter.
Microsoft has revealed Project Scarlett's new look and name during The Game Awards today.
The upcoming console will be called Xbox Series X, and features an upright design instead of lying flat as we've seen in past Xbox consoles.
Described as the fastest and most powerful Xbox ever made, Microsoft confirmed that all 15 Xbox Game Studios are currently developing what it describes as "the largest and most creatively diverse lineup of Xbox exclusive games in our history" with the Xbox Series X in mind - the first of which is Hellblade 2.
Check out the official reveal trailer below to check it out for yourself: