Microsoft will release its next-generation Xbox One console this November in 21 markets for $499 in the U.S, the company announced Monday the Electronic Entertainment Expo press conference in Los Angeles.

The original Xbox 360, which debuted in the U.S. in 2005 for $399. Oddly enough, the Xbox One’s starting price is more akin to that of Sony’s current-generation PlayStation 3 console, which drew criticism from game critics and fans when it first hit the market a year after the Xbox 360 and for $499 or $599, depending on the model.

Revealed during a two-hour presentation that was packed full of new gameplay trailers and announcements, the Xbox One price was the one hardware detail that Microsoft brought to the stage with it for its keynote address for this year’s E3. The company did not give a more specific release date than November, and said nothing about some of the console’s more controversial features such as its Internet connectivity requirements and used games policies.