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After much speculation and buzz, we finally get the final word about when we’re getting Microsoft‘s next-generation video game console. The Xbox One is slated to hit store shelves around the globe on November 22, with a previously announced price of $500.

Gamers might as well grab your sleeping bags and stake your spot in line now, as the Xbox One will hit the following markets on November 22: Australia, Austria, Brazil, Canada, France, Germany, Ireland, Italy, Mexico, New Zealand, Spain, UK, and USA. With many other proposed markets to be unveiled in 2014, the next, next-gen console from Microsoft aims to drop a full week after the PlayStation 4‘s November 15th retail launch.

Early buyers who act fast enough can pick up the Xbox One Day One Edition at no extra cost through Microsoft’s online store, Amazon, Best Buy, Wal-Mart and other retailers. That version comes with a commemorative controller, an Xbox One chat headset, a code to unlock an exclusive Day One achievement, and special-edition packaging.

Counter to the PlayStation 4’s ability to support four controllers at the same time, Microsoft revealed on Tuesday that the Xbox One will support eight controllers, allowing for greater group gameplay.

This year’s big ticket item will be gaming consoles, as the PS4 and Xbox One are hitting stores around the same time. Nintendo also dropped the price of their Wii U, which so far has seen underwhelming sales in the gaming marketplace, but also sets the scene for an interesting price point battle.

The Wii U will be sold at $299, the PS4 at $399 and the Xbox One at $499. Which one will be your choice? Will you buy them all?

Props: Games Industry International

Photo: Microsoft