Microsoft Press Conference at E3

Microsoft will give a 90-minute presentation today at E3 during which it promises to unveil new games and partnerships.

I'll keep this post updated as the news comes in.

• The first shot has been fired. A representative from Rare announced Kinect Sports Rivals, the newest title in the Kinect Sports series. It will include sporting events lke soccer, rock climbing, jet-ski racing, bowling, target shooting and tennis. Kinect Sports Rivals will launch with Xbox One this holiday.
•  The first demo of the official presentation is Metal Gear Solid V. Director Hideo Kojima arrived on state with Don Mattrick after the trailer to make a brief statement.
•  Microsoft's Yusuf Mehdi unveiled a new Xbox 360 model available today. He also announced a new program for Xbox Live subscribers: two free downloadable games every month.
• Mehdi also introduced the massively-multiplayer title World of Tanks for Xbox 360. It was previously a PC exclusive.
•  The rest of the conference will be dedicated to Xbox One titles. The first is Ryse: Son of Rome, a big-budget action game set in ancient Rome. Ryse is an Xbox One exclusive.
• Here it is! The Rare "historic IP" is Killer Instinct.

The new Xbox 360 model

• Ted Price from Insomniac took the stage to introduce Sunset Overdrive.
• Microsoft teased footage of Forza Motorsport 5. A Turn 10 representative spoke about "drivatars," computer-controlled opponents that race with advanced artificial intelligence. 
• Minecraft will make an appearance on Xbox One.
• Remedy offered up new information on its Xbox One title Quantum Break, "the ultimate Remedy experience."
• Dave Mccarthy from Microsoft Studios took the stage to announce Project Spark, a game that allows players to create their own game worlds.
• For the new generation of Xbox One, Microsoft will eliminate its Microsoft Points system and replace it with real currency.
• Dead Rising 3 was just announced with a brand new hero! It will be released this holiday only on Xbox One.
• The Witcher 3: Wild Hunt will make an appearance on Xbox One.
• Battlefield 4: Second Assault (DLC map pack) will be a timed exclusive on Xbox One. 
• The new game from Black Tusk looks to be a sci-fi action game. Microsoft showed only a teaser trailer.
•  Bonnie Ross of 343 announced a new Halo game for Xbox One running at 60 frames per second.
• Xbox One will launch in November and will retail for $499.
• The last game of the presentation was Titanfall, a sci-fi first-person shooting game from Respawn, a studio formed from former Infinity Ward developers. It will arrive in Spring 2014.