In the Console Cold War between Sony and Microsoft, both gaming giants have been hesitant to be the first to reveal prices for their next gen consoles, releasing this fall. It appears a leak has forced Microsoft to confirm the price of their smaller, cheaper Xbox Series S: $299.

Brad Sams of tech site Thurrott posted the news yesterday, along with a YouTube video. After playing coy on Twitter, Microsoft finally confirmed the news late last night with a single image, describing the Xbox Series S as “next gen performance in the smallest Xbox ever.”

Like Sony, Microsoft is producing two different consoles for two different price points. The Xbox Series S is physically much smaller than the Xbox Series X, and looks like it removes the optical disc drive in favor of all-digital gaming. Given how well-received the Xbox Game Pass has been, the Series S could be a very popular option.

Microsoft hasn’t confirmed system specs for the Xbox Series S. But twitter user WalkingCat posted a video that revealed hardware details in what looks like a console trailer. Specs include Raytracing, 1440 resolution up to 120 fps (with 4K upscaling) and a 512 GB solid state drive.

With the cat out of the bag, expect official details, and more next-gen console news, to come sooner rather than later.

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Eric has been writing for over eight years with bylines in Dicebreaker, Pixelkin, Polygon, PC Gamer and Tabletop Gaming magazine, covering movies, TV shows, video games, tabletop games and tech. He reviews and live streams D&D adventures every week on YouTube. He also makes a mean tuna quesadilla.