During its E3 2013 presentation, Microsoft revealed that the Xbox One will be available starting this November. They also stated that the Xbox One will cost $500. Gamers can preorder the Xbox One starting today, according to Microsoft.

Before Microsoft revealed the Xbox One's release date, a representative of game development studio Rare mentioned on SpikeTV that the Xbox One would be released in November. Microsoft confirmed this to be true during its event.

Microsoft also showed off several titles including "Metal Gear Solid 5: The Phantom Pain," "Halo 4," "Dead Island 3," "Minecraft," "Quantum Break" and "Forza Motorsport 5."

What do you think of the Xbox One's price? Is it too high or about right? Will you be preordering the Xbox One? Why or why not? Sound off in the comments below.