This fall, Microsoft and Sony will duke it out for the living room with the Xbox One and PlayStation4, respectively. Whereas the Xbox One looks like a VCR from yesteryear, Sony’s rhombus-shaped PS4 is sleek, thin and powerful; it’s about the same dimensions as the second-generation PS3. At $399 — $100 less than the Xbox One — Sony isn’t messing around with gimmicky motion cameras. Instead, the PS4’s guts are built with raw processing power in mind, for gamers first.

Inside of the PS4 is an 8-core AMD x86 processor, 8GB of GDDR5 RAM, 500GB removable hard drive (2.5-inch), slot-loading Blu-ray drive, 802.11n Wi-Fi and two USB 3.0 ports. The PS4 is HD-only and can out in 4K resolution. Unlike Xbox One, Sony’s console won’t require any Internet connection checks and won’t have restrictions on used games. First-party Sony-published games will sell for $60.

Each PS4 will come bundled with one DualShock 4 controller, HDMI cable, mono earbud headset and a USB cable. The PlayStation Camera will be sold separately for $59.

It’s been seven years since the PS3 launched. Are you ready for next-gen consoles? We definitely are.