During their E3 press conference today Microsoft revealed exactly when we can expect to see the next-generation of Xbox and how much we can expect to pay for it.

According to the company the Xbox One will release in November at this year, for the staggering price of $499 or 499 Euros, which works out at £429. To put that into some perspective the Playstation 3, which was heavily criticised for its pricing, launched in the UK with an RRP of £425, while the Xbox 360 launched at £279, with a Core edition at £210.

With a price-tag like that, are you willing to leap aboard the next-generation boat straight away, or will you wait for a price drop? Personally I’m planning on getting both consoles this generation to help expand this site, and money is probably going to be the deciding factor in regards to which one I pick up first and which one I’ll purchase later on.