Here is the official Xbox Series S – World Premiere Reveal Trailer for your viewing pleasure. The system was seemingly leaked and then confirmed straight from Microsoft. The XBOX Series S will also retail for $299 and features a ton of nice tech in the all digital system. Here is what Microsoft had to say regarding the system:

Introducing Xbox Series S. Next-gen performance in the smallest Xbox ever. Experience the speed and performance of a next-gen, all-digital console at an accessible price point: $299 (ERP).* Available November 10th. Get started with an instant library of 100+ high quality games, including all new Xbox Game Studios titles the day they release, when you add Xbox Game Pass Ultimate (membership sold separately).
...