The Xbox One S, the upgraded version of the Xbox One will launch August 2nd, as announced this Monday by Microsoft.

The system will be 40% smaller and will include a built-in power supply, which when combined adds up to a significant amount of space reduction. It will also feature a front-facing USB port for ease of controller charging and an IR Blaster.

The main power upgrade of the system is support for High Dynamic Range (HDR), which will make certain games look better due to a higher contrast ratio. The most significant addition, though, is 4k Resolution for TV and movies, but unfortunately not games. While the news might be disappointing to gamers, it also makes the Xbox One a fantastic option for people looking for a Blu-Ray player.

It will launch for $399 with 2TB of Storage. Cheaper packages with less storage will be available “soon”.