Xbox One Slim leaks and is 40% smaller than the original [update]

If you’ve waited to get an Xbox One, you’ll definitely be getting the nicer model.

The Xbox One S has leaked via the gaming forum NeoGaf (at first called the Xbox One Slim). The new model of Microsoft’s latest console will be able to support 4K video and will have a 4TB hard drive. The console itself is 40 percent is smaller than the original. It will come with a vertical stand and a “streamlined controller.”

We’ll likely (and officially) hear more about the Xbox One slim during Microsoft’s E3 event Monday.

This comes amid rumors that Sony and Microsoft are working on new versions of their consoles. Sony has even confirmed that a upgrade of the PlayStation 4, codenamed Neo, is real, but the company says it won’t be at E3.

Update 9:48 a.m. Monday: Microsoft revealed this as the Xbox One S.