E3 2016 - Microsoft has officially revealed Project Scorpio, the "monster" next-gen Xbox console with 4K gaming support, 6TFLOPs of performance, and full backward compatibility with all existing Xbox One consoles, peripherals and accessories.
Microsoft has confirmed all the Xbox Scorpio leaks as 100% correct: the new upgraded Xbox Scorpio is coming in holiday 2017 with full 4K gaming and VR support (likely with Oculus Rift). Microsoft promises that the Scorpio will deliver "the most powerful graphics processor that's ever been put into a games console, with confirmed specs like 6TFLOPs of performance, an 8-core CPU and sports 320GB/s memory bandwidth. Devs affirm the Scorpio will deliver "the highest res at the best frame rates without no compromises."
"So we gave the SoC 6TFLOPs of computing capability to be able to handle 4K resolutions. Gamers are going to get the most powerful graphics processor that's ever been put into a games console to date," said an Xbox engineer. "You get 4K gaming--true 4K resolution. The box we're creating is incredible. It's gonna have 8CPU cores, 320GB/s memory bandwith, 6TFLOPs of GPU power--it's a monster. We can render at 60Hz we can render fully and uncompressed pixels--the highest quality pixels that anybody has seen."