The smaller and sleeker Xbox One S is all set to launch on Aug. 2, with a massive 2 TB of storage under its belt.

Microsoft unveiled its intriguing new Xbox One S back in June at the E3 2016, but it only offered a vague "August 2016" release timeframe at that point. The company is now back with more details, announcing that Aug. 2 is the specific date, but only for the 2 TB version of the console.

The 2 TB Xbox One S will hit "select regions" on that date, but the 1 TB and 500 GB variants of the console will not be arriving just yet. If you were shooting for the higher-capacity 2 TB model anyway, you should know that it costs $399 and Aug. 2 is the date for both retail availability and shipments to customers who preordered.

If you haven't preordered the console yet, you can still do so in time for launch. The Xbox One S is available for preorder either directly from the Microsoft Store or through participating retail partners such as Amazon.

"Availability is limited and demand is high so you'll want to check with your local retailer for more information and preorder your console soon," Microsoft points out in its announcement.

As a reminder, the Xbox One S is the most compact Xbox console to date, boasting a 40 percent smaller form factor compared to the original Xbox One. Smaller doesn't mean less powerful, however, as the Xbox One S packs plenty of oomph.

The tinier console rocks a newly added IR blaster, can stream in 4K Ultra HD with HDR, supports Blu-ray movies, and packs a built-in power supply, among the highlights. The design change also sees the pairing button and one of the three USB ports now relocated to the front of the console.

The Slim console also bundles the new Xbox Wireless Controller, which boasts enhanced Xbox Wireless signal, added Bluetooth support and a nice textured grip. The controller will also be available as a standalone item to be purchased separately for $59.99, starting on Aug. 2.

The 2 TB Xbox One S will launch in "limited quantities" in the United States, Canada, the UK, Austria, Germany, Spain, Australia, the Czech Republic, Slovakia, Denmark, Belgium, Finland, Greece, France, Hungary, Italy, Ireland, Netherlands, Norway, Poland, New Zealand, Sweden, Portugal, Turkey and Switzerland. Additional markets will follow later this year.

If you'd rather have an Xbox One S with less storage, however, you'll have to wait a while longer. Microsoft still doesn't offer a specific launch date, but lists a "December 2016" release timeframe on the product pages of both the $349 1 TB and the $299 500 GB versions.

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