Folks, I can safely say look for Microsoft shares to sharply rise after a fantastic demonstration of the newly named Kinect (formerly Project Natal) technology. Think of it as Nintendo Wii technology on enough steroids to send a man into space. In a word, incredible!

Anyway, right at the end of the press conference that just concluded, Microsoft unveiled the brand new Xbox 360 Slim. It's a new, sleek, smaller and sexy 360 console that will go on sale at the end of the week (it's already shipping to shops) for the same price as the current 360, yep - 299 USD.

The model unveiled comes in a glossy black finish and comes with a 250GB hard drive and built-in 802.11n wireless networking. Of course it is also Kinect ready, but so are all existing 40 million Xbox 360's that have already been sold.

We will follow-up with a Microsoft Kinect summary article this week, but come November 4 when it goes on sale, they will surely fly out of stores at record pace. The future is here. Microsoft just showed it at E3. Take what you know of current gaming and throw it out the window.