The new Microsoft Xbox S.

Yes, the leaks were real: Microsoft confirmed that a slimmer Xbox One S is due at the end of summer, with support for 4K video and significantly increased internal storage.

Gamers have been waiting for a smaller version ever since Microsoft announced a slimmer Xbox 360 on Nov. 22, 2005.

Inside the console, there will be up to 2TB of internal storage, and support for 4K resolutions.

Outside, there will be an IR blaster, implying that consumers will still be able to control a television with the Xbox One.

Why this matters: Microsoft s new Xbox S is not the rumored Project Scorpio, the significantly more powerful Xbox One that Microsoft is said to be announcing next year.

Clarification: The new console will be formally named the Xbox One S.

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