Live from Microsoft's Xbox One reveal (pictures)

Don Mattrick, head of the Xbox group

Longtime Microsoft exec, Yusuf Mehdi

Skype on Xbox One offers HD video quality and group video calls.

Microsoft's Marc Whitten

The Xbox will have Blu-ray, as well as HDMI in and out.

The new Xbox One will include new, updated controllers.

The new Kinect sensor binds everything, from the controller to tablets or smartphones running SmartGlass.

The next-generation of Xbox Live will be powered on more than 300,000 servers.

Andrew Wilson, the head of EA Sports

"Sports are as much about your head as your feet and your hands," Wilson says. New games have four times more calculations per second. This brings "humanlike intelligence." Also 10 times more animation depth and detail.

Phil Spencer, from Microsoft Studios, says the Xbox One is getting many exclusives. "This is a commitment unlike any previous generation," he says.

Head of Xbox Entertainment Studios, Nancy Tellem

Head of 343 Studios, Bonnie Ross

A live-action Halo TV series will be made by 343 Industries and Stephen Spielberg.

Coming to the Xbox One are new features for the NFL, including exclusive content that works with SmartGlass and Kinect.

Eric Hirshberg, CEO of Activision

See additional close-up photos of the Xbox One, and check out first impressions of the Xbox One (with video).