have any of you heard of the new console microsoft is making?

its called the XBox, and it has a 733mhz processor, and a 8gb Hard Drive, all of the games are made in DirectX and it has full screen anti-aliasing, and it can have 4 simultanious textures, it also has 64mb unified ram...
but they said it isnt going to be PC compatible.

does anybody else have anything to add?