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A reliable source has told VG247 that the Xbox One will have a new, cheaper model for 2014, confirming leaks coming out of Redmond this week.
Apart from that, no other details have been released. It's speculated that the new Xbox One will be a disc-less system, featuring bluetooth connectivity, and a price point around that of the Playstation 4.
Apparently, this was all supposed to be hush-hush, as Microsoft is pursuing legal action against the leaker.