Microsoft has unveiled the Xbox One, the "next generation of entertainment in the living room".

Pitching the device as far more than a games device, Microsoft emphasised the Xbox One's ability to integrate live TV, video calling, movies, music and internet browsing on the TV.

"We put you at the centre of a new generation of entertainment in the living room," said Don Mattrick, president of interactive entertainment at Microsoft.

"Xbox One is built to amaze on day one and continuously improve in the generation ahead," he said.

Some of the key features include:

  • Integration with live TV, music, movies and games
  • Remarkably sharp switching from games to TV, the internet and other functions
  • 8GB ram
  • Blu-Ray drive
  • 64-bit architecture
  • Silent operation
  • Built both on the Xbox OS and the Windows kernel to bring new levels of performance to the living room
  • Improved voice control
  • Upgraded Kinect that is so accurate it can read your heartbeat when you exercise
  • Updated controller with integrated battery, precision D-pad
  • Integration with Smartglass - an already announced method to control your Xbox with tablets and phones, including Android and iOS devices
  • New Xbox Live service - "more powerful, more personal, more intelligent" built on more than 300,000 servers

The announced games include:

  • FIFA 14 with exclusive Ultimate Team features
  • Madden 25, NBA and UFC games
  • Quantum Break, a new action-adventure
  • Forza 5
  • Call of Duty: Ghosts

We're covering the highlights here. Below we've summarised the top details, specs, games and videos.

For more we suggest heading to our AOL partners Engadget and Joystick, and the official Xbox Wire website, all of whom are covering the event in obsessive detail.

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  • This product image released by Microsoft shows the new Xbox One entertainment console that will go on sale later this year. Microsoft is seeking to stay ahead of rivals in announcing that new content that can be downloaded for the popular "Call of Duty" game will launch first on Xbox One. Microsoft says more games will be shown at next month's E3 video game conference in Los Angeles. (AP Photo/Microsoft)

  • Microsoft Corp.'s next-generation Xbox One entertainment and gaming console system is shown on stage Tuesday, May 21, 2013, at an event in Redmond, Wash. It's been eight years since the launch of the Xbox 360. The original Xbox debuted in 2001, and its high-definition successor premiered in 2005. (AP Photo/Ted S. Warren)

  • Photographers crowd around Microsoft Corp.'s next-generation Xbox One entertainment and gaming console system after it was officially revealed, Tuesday, May 21, 2013, at an event in Redmond, Wash. (AP Photo/Ted S. Warren)

  • A controller for Microsoft Corp.'s Xbox One entertainment and gaming console system is on display after its unveiling Tuesday, May 21, 2013, at an event in Redmond, Wash. The Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment, will go on sale later this year. (AP Photo/Ted S. Warren)

  • This Tuesday, May 21, 2013 photo shows a rear view of Microsoft Corp.'s next-generation Xbox One entertainment and gaming console, on display at an event in Redmond, Wash. The Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment, will go on sale later this year. (AP Photo/Ted S. Warren)

  • XBOX One

    The Kinect motion-sensing device for Microsoft Corp.'s Xbox One entertainment and gaming console system is on display Tuesday, May 21, 2013, at an event in Redmond, Wash. The Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment, will go on sale later this year. (AP Photo/Ted S. Warren)

  • The new controller for Microsoft's next-generation Xbox One entertainment and gaming console system is shown front and center with older-generation controllers behind it, Tuesday, May 21, 2013, in Redmond, Wash. (AP Photo/Ted S. Warren)

  • IMAGE DISTRIBUTED FOR MICROSOFT - Press photograph Xbox One following the Xbox One reveal event on Tuesday, May 21, 2013, in Redmond, Wash. (Photo by KAREN DUCEY/Invision for Microsoft/AP Images)

  • IMAGE DISTRIBUTED FOR MICROSOFT - Don Mattrick, President of Interactive Entertainment Business at Microsoft unveils Xbox One on Tuesday, May 21, 2013, in Redmond, Wash. (Photo by Stephen Brashear/Invision for Microsoft/AP Images)

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