At last, Microsoft has revealed the launch date of their next-gen video game console. Xbox One will release on November 22, 2013 at $499. That is exactly one week after Sony drops PS4 on November 15 at $399, if you’re keeping score. On the 22nd, the One will launch in 13 markets: Australia, Austria, Brazil, Canada, France, Germany, Ireland, Italy, Mexico, New Zealand, Spain, UK, and USA. More countries will follow in 2014.

In addition to announcing the date, Microsoft says the system is in full production and ready for showtime. Gamers will be happy to know that it will feature an improved clock speed for enhanced performance. Specifically, the CPU has jumped from the previously announced 1.6GHz speed to 1.75GHz marking roughly a 10 percent increase in CPU performance. And in case you didn’t know, the GPU’s speed was also increased  by 6 percent. Watch Xbox’s Xbox’s Yusuf Mehdi discuss the news in a video posted after the break.

Now the countdown for next-gen can truly begin.

[Via Xbox]