Microsoft used the E3 confab Sunday (June 11) to introduce the Xbox One X, a new console with enough horsepower to support 4K gaming and video at 60 frames per second, along with support for High Dynamic Range (HDR).

Microsoft’s new console, which has been teased under the Project Scorpio label, is set to arrive on November 7 and start at $499.

Notably, existing Xbox One accessories will work with the Xbox One X, work with Xbox One games, and will implement a feature called “super sampling” on the new console to make new games look better on 1080p HD TV sets, according to The Verge.

In addition to touting Xbox One X, with is equipped with 6 teraflops of processing power, as its most powerful console, Microsoft is also calling it the smallest console the company has ever built.

Meet the world's most powerful console: the #XboxOneX. https://t.co/nlQHT5mk3j#XboxE3pic.twitter.com/BhV37k7KPl

— Xbox (@Xbox) June 11, 2017

Update: Microsoft said the new console will also be compatible with a library of nearly 400 Xbox 360 games. Several gaming titles, including Gears of War 4, Forza Horizon 3, and Tom Clancy’s Ghost Recon Wildlands will also get a free updates to take advantage of the horsepower in the Xbox One X, including a subset that will “run in true 4K.”

The new console follows Sony’s launch late last year of the PlayStation 4 Pro, a higher-octane that also supports 4K resolution and HDR.

RELATED: PlayStation 4 Goes ‘Pro’

The Xbox One X also follows the launch last year of the Xbox One S, a smaller version of the Xbox One that includes a Ultra HD disc drive.

YouTube aims to have the annual Electronic Entertainment Expo (E3) event being held June 14-16 in Los Angeles covered in spades, with a unique event hub for dozens of live streams from the event.

“YouTube will give gamers around the world front-row access to everything E3 again this year with dozens of live streams scheduled throughout the week,” Ryan Wyatt, global head of gaming content for YouTube, wrote in a blog post. “To make moments like this even better, we are launching event pages in YouTube Gaming, which serve as destinations for watching the biggest gaming and eSports events.”

YouTube’s E3 hub will offer up both live and archived content, live chat options for gamers, catch-up announcements and a spot for gaming trailers, where YouTube users will be able to vote for their favorites.