Microsoft announced their next console today, currently codenamed Project Scorpio. Little concrete details are known, but the console will be available in late 2017. The repeated themes during the reveal were 4K gaming and Virtual Reality. Fallout 4 in VR will be available on this device. No hardware related VR announcements were made.
All games and peripherals were said to be usable on all three Xbox One consoles (including Scorpio, Xbox One S, and the original Xbox One). Phil Spencer promised that “no one gets left behind.”