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Microsoft has officially announced that the Xbox One, the highly anticipated next Xbox gaming and entertainment system, will be launching in November for $499.99 in the U.S., £429 (GBP) in the U.K, €499 (EUR) in European markets and $599 (AUD) in Australia. A reserve program, special commemorative bundle, accessories, game licensing, connectivity requirements, and Kinect privacy for Xbox One have also been detailed.

Every Xbox One system sold will include the new Xbox One console — which features a 500GB hard drive,1 Blu-ray player and built-in Wi-Fi — the new Kinect, one Xbox One Wireless Controller and a free 14-day trial of Xbox Live Gold for new members. The Xbox One launch bundle will be available for $499.99 in the U.S., £429 (GBP) in the U.K. and €499 (EUR) in European markets.2

To celebrate the launch of Xbox One, Microsoft is also introducing a limited-edition commemorative bundle to fans who reserve the system at major retailers, available in limited quantities, while supplies last, for $499.99, £429 (GBP) or €499 (EUR).2 Reserving the commemorative bundle will guarantee that you’ll be able to purchase the new system on day one. Each commemorative bundle will include an Xbox One system that comes in premium black packaging with a limited edition Xbox One Day One wireless controller, as well as a unique commemorative Day One Achievement.Gamers who reserve the following exclusive Xbox One Day One edition launch titles, available in limited quantities at major retailers while supplies last, will receive special bonus
content:

• “Ryse: Son of Rome.” Exclusive multiplayer map and sword with bonus attributes.
• “Forza Motorsport 5.” Access to four cars tuned to the top of their class.
• “Kinect Sports Rivals.” Exclusive sporting equipment that separates your Champion from the rest of the world.
• “Dead Rising 3.” Exclusive Frank West and Chuck Greene Tribute Packs with bonus attributes.

In addition, as a message of thanks to the millions of Xbox fans around the world for their passion and loyalty, Microsoft announced that every qualifying Xbox Live Gold member — new or existing — will receive two free Xbox 360 game downloads per month starting July 1 until Dec. 31, 2013, including popular titles such as “Halo 3” and “Assassin’s Creed II.” And to celebrate E3 in the month of June, Xbox Live Gold members will receive a free download of “Fable III.”3