Xbox One Elite edition launched for $499 with solid state 1 Terabyte drive, Elite controller

While we're not getting a smaller Xbox One, Microsoft has rolled out an Elite Edition of its console. Now available for preorder, the Elite edition features a faster 1TB Solid State Hybrid Drive so you can get to the action up to 20 percent faster from energy-saving mode. Every Xbox One Elite Bundle comes with the Xbox Elite Wireless Controller. 

Microsoft is also revealing the Xbox One Special Edition Lunar White Wireless Controller, which includes all the updated features of the standard Xbox One Wireless Controller. Game on!