MSFT (click for full article) "Microsoft's long-brewing plan to take over living room entertainment, which started with the original Xbox in 2001, is coming to fruition. Now comes the next wave, and it starts with the Xbox Lite. A Lite for your living room As detailed by Microsoft informant MS Nerd, whose accuracy on information leaks has been solid despite his diminutive cover name, the Xbox Lite will be Microsoft's next major living room device. Set to debut at the E3 conference in June, Xbox Lite will be of modest size and function, a tiny set-top box that plugs into the television and retails for around $200. The emphasis will be on media - movies, music, television, and games as well - but also on social networking tools. It also is expected to work with the newest version of the Kinect motion-control device that currently works only with Windows PCs. Xbox Lite might also forego an optical disc drive, relying solely on downloadable and streaming content."