People fill the Galen Center for Microsoft's E3 2016 Xbox press conference in Los Angeles, California on June 13, 2016, where
FREDERIC J. BROWN/AFP/Getty Images

Xbox is on the cusp of another gaming revolution. According to The Verge, Microsoft today unveiled Project Scorpio at the Electronic Entertainment Expo in Los Angeles, a.k.a. E3. The console, due in fall 2017, will be capable of supporting virtual reality technology and 4K-native games. 

Not much more is really known about Project Scorpio per se, but Xbox CEO Phil Spencer did hype the product in a Verge interview last week.

Speaking on the matter, the Xbox chief said that Scorpio is just a more highfalutin version of Xbox One:

"Project Scorpio is actually an Xbox One that can natively run games in 4K and is built with the hardware capabilities to support the high-end VR that you see happening in the PC space today... when it ships it will be the most powerful console ever built."

The Verge notes that Scorpio—which is still just a code name—will be compatible with all Xbox One game libraries. While it was rumored for a while that Microsoft had forged a partnership with Oculus to develop virtual reality capabilities, the company has proven those rumors false.  "We're not ready to announce" any partnerships, Spencer told the site.

Next, we're guessing you'll like hanging out with these video game cosplayers at PAX East 2016: