A password will be e-mailed to you.

According to a report from Kotaku along with corroboration with Polygon, sources tell both gaming sites that two powerful new Xbox One consoles are being developed and are likely to be announced at this year’s E3. One of the new Xbox’s could be set for a fall release and the other more powerful Xbox for 2017. Microsoft has in no way officially confirm or admitted to any of these rumors, only some minor details were brought out from an inside source. It appears two different versions of the Xbox One are being developed and Microsoft could be looking at E3 for an announcement.

It’s rumored that a new smaller and cheaper Xbox One will come out later this year. Then in the year that follows, we’ll be seeing a new more powerful Xbox One (codename: Scorpio). The 2017 Xbox One will come with an upgraded GPU and will be able to support the Oculus Rift to its fullest. As for the 2016 Xbox One, not much is yet known about this particular updated console. However, a source did tell Kotaku that this version console will have a larger 2TB hard drive (this part is confirmed).

Months back, Xbox Boss Phil Spencer comment on behalf of the hardware they wish to achieve with the Xbox One:

“I look at the ecosystem that a console sits in and I think that it should have the capability of more iteration on hardware capability. What I’m saying is as hardware innovations happen we want to be able to embrace those in the console space, and make those available and maybe not have to wait seven or eight years for things to happen.”

Microsoft could be planning an announcement at this year’s E3 event which is now only days away, here’s hoping.