Microsoft announces new Xbox 360: 'smaller, sleeker and available today'

Xbox Live Gold members to begin receiving two free games a month from July

Microsoft has announced a new Xbox 360 model.

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Yusuf Mehdi, senior vice president of Microsoft's Interactive Entertainment Business, said it's "smaller, sleeker, as quiet as ever and available today".

Mehdi added: "We've taken all we have learned these past eight years and engineered a new Xbox 360 console that is elegant and accessible to anyone."

According to today's official announcement: "Sporting a sleek and stylish new design that resembles the Xbox One brand elements, the new Xbox 360 brings together a similar look and feel across the entire family of Xbox products. The new Xbox 360 appears stunning wherever it fits in the home and offers great performance.

"The redesigned Xbox 360 is available in the same value-packed editions for the same great prices as the existing console - $199.99 US estimated retail price (ERP) for the 4 GB console, $299.99 US ERP for the 250 GB edition and $299.99 US ERP for the 4 GB Kinect Bundle.

"Shipping today to retailers across the U.S., U.K., Canada, Australia and Ireland, the new Xbox 360 will continue to roll out across all Xbox regions over the coming months."

Mehdi also announced a new Xbox Live Gold membership offer for fresh and existing subscribers. Every XBL Gold member will receive two free Xbox 360 game downloads per month starting July 1 until December 31, 2013, including popular titles such as Halo 3 and Assassin's Creed 2.

Xbox Live Gold members will also be able to download Fable 3 for free during June.