Microsoft has unveiled the next XBox at the world’s biggest gaming expo, E3.

The XBox Kinect looks like an entirely new system on the outside, sporting a new black glossy finish, a reduced size, and new angles and cuts. However, on the inside the XBox is largely the same in processing power, with the major difference being the addition of Kinect, Microsoft’s response to the Nintendo Wii’s motion controls. Additionally now the Xbox supports wifi internet.

The major difference between the old Xbox and the Kinect is that with the Kinect no controllers are necessary, just you. This works through the Kinect’s new motion capture camera that captures every move you make and translates it to your in game character.

The XBox Kinect will retail at $299.99. Video after the jump.

Weekend Box Office

1. “The Karate Kid,” $56 million.
2. “The A-Team,” $26 million.
3. “Shrek Forever After,” $15.8 million.
4. “Get Him to the Greek,” $10.1 million.
5. “Killers,” $8.2 million.
6. “Prince of Persia: The Sands of Time,” $6.6 million.
7. “Marmaduke,” $6 million.
8. “Sex and the City 2,” $5.5 million.
9. “Iron Man 2,” $4.6 million.
10. “Splice,” $2.9 million.

via AP/LOS ANGELES — “The Karate Kid” has won a 1980s showdown at the box office against “The A-Team.”

Sony’s remake of 1984’s “The Karate Kid” debuted at No. 1 for the weekend with a whopping $56 million, according to studio estimates Sunday. The big-screen adaptation of the 1980s TV series “The A-Team” came in at less than half that, the 20th Century Fox release opening in second place with $26 million.

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Apple CEO Steve Jobs on Monday introduced the newest version of the company’s popular smartphone: iPhone 4.

“We think it’s the biggest leap we’ve taken since the original iPhone,” Jobs told an enthusiastic audience at the company’s annual developers conference. “We’re really proud of it.”

The phone will come in two colors — black and white — and will go on sale June 24 in the United States and four other countries. It will cost $199 for 16GB of storage and $299 for 32GB.  Watch video after the jump.  More on iPhone 4 Click Here