Wired.com has details from Microsoft's announcement of the Xbox One, the third installment in their Xbox series of game consoles, using the name a lot of us have used for the original Xbox since the Xbox 360 was announced. The announcement seems to stress the new unit's ability to handle living room entertainment like watching movies and TV over its gaming prowess. As for games, MS touts an improved Kinect and cloud integration, and Wired infers that games will be locked to an individual console based on word that games must be installed to the hard drive and can be played without the game disc inserted. They say Microsoft has confirmed there will be a way to sell used games where they receive a cut (you can pay them a fee to install the game again on a different system) but say MS did not answer of there would be a way to sell games to be played from the disc without their intervention, but they already stated that HDD installs are mandatory, so this seems moot. They also say that the new console will not be backward compatible with games for the Xbox 360 or the Xbox 1 (1). GamesIndustry International has details on the hardware, saying it has an 8-core CPU, 8 GB of RAM, a Blu-Ray disc drive, 500 GB hard drive, USB 3.0, Gigabit Ethernet, Wi-Fi, and HDMI In/Out. Word is it will launch later this year, but pricing is not being discussed yet.