E3 2016 - MS Announces A New Console (As Rumored), Project Scorpio - Aiming For 4K Gaming (Not Just Media), No Release Date Announced

Will have 6 TFlops of GPU computing power, but don't think that's enough for 4K/60Hz gaming without sacrificing graphical detail. For example, a Titan X does 7 TFlops and run 4K with high detail between 30-45 fps. Maybe they'll be able to "squeeze" the power out of a set hardware configuration.