Sounds to me it will be priced like the Elite SKU in relation to the OG XBO. Now i'm def expecting $399-$450, as possibly the XBO S will be a $249 (for all intents and purposes) next holiday season.
PC I i7 3770K @4.5Ghz I 16GB 2400Mhz I GTX 980Ti FTW
Consoles I PS4 Pro I Xbox One S 2TB I Wii U I Xbox 360 S