Microsoft has finally announced its cut-price next-gen Xbox, the $299 Xbox Series S. That price is appealing, but the cuts to storage and graphical power… not so much. However, Microsoft will offer the Series S as part of a subscription deal with Game Pass Ultimate for just $25 per month. All that has us thinking: Does Microsoft want to sell consoles, or subscriptions? Get More Engadget: • Like us on Facebook: http://www.facebook.com/engadget • Follow us on Twitter: http://www.twitter.com/engadget • Follow us on Instagram: http://www.instagram.com/engadget • Read more: http://www.engadget.com