After numerous leaks, rumors, and speculation from analysts and fans alike, Microsoft has finally revealed the Xbox Series X release date and price, and it's good news for gamers. 

Originally rumored to be $599 and up, Microsoft has confirmed that the Xbox Series X will cost $499 and will be making its debut on November 10th. This comes hot on the heels of the news that the Xbox Series S will cost $299, making the barrier of entry into next-gen more accessible than many thought possible. 

Pre-orders for the new systems begin on September 22nd before the full release date on November 10th. This means we finally have release dates for numerous titles confirmed for launch at next-gen, including Assassin's Creed Valhalla for the Xbox Series X. 

We still don't have a release date or price for the PlayStation 5, but the internet is alight with praise for how Microsoft humorously and effortlessly handled a pretty massive leak, so the pressure is definitely on for them to bump up any plans for a reveal that have reportedly been slated for October. 

Related: No Xbox Series X Reveals Planned for TGS 2020

It's obvious that Sony and Microsoft have two very different strategies for next-gen with Microsoft focusing less on selling units and more on selling services like the xCloud, Xbox Game Pass, and more while Sony is sticking to the traditional metric of hardware sales. This differentiation between the two companies means two wildly different gaming experiences and with the Xbox Series S being at such a low price point, it's easier than ever for gamers to experience both sides of the gaming spectrum. 

What do you think about the latest news surrounding the Xbox Series X? Are you excited for the new generation of gaming ahead? Sound off with your thoughts over on Twitter @PrimaGames, we'd love to hear what you think!