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It's Microsoft's version of the Pro, but they made it comfortably more powerful for the good PR. Some people are going to be disappointed with this console. Not here, because people generally know what is going on. But some Xbox forums I've seen seem to think this is going to change things around, and be announced alongside 4 or 5 big AAA exclusives.

I'm actually not sure why MS starting mentioning it so early. Perhaps it was because of Sony imminently announcing the Pro, but it seems that this console will have such long build up, for something that is only a mid-gen upgrade that doesn't really warrant it.