X Games: 5 Things You Need To Know About Xbox One

Gamers are salivating over the upcoming release of Microsoft's latest gaming console, the Xbox One. It's been eight years since the Xbox 360 first hit shelves with over 70 million units selling to date. With a scheduled release set for later this year, the anticipation continues to build over what Wired is calling an "entertainment borg" that hopes to assimilate everything from your Blu-ray player to your cable box.
Click through the gallery to check out five essential things you need to know about the Xbox One.