It was announced today by the head of Xbox Phil Spencer, that the New Xbox One experience and backwards compatibility for Xbox 360 games, will begin rolling out to all Xbox owners as from November 12.

Xbox fans mark your calendars: @XboxP3 just revealed new Xbox One experience & back compat start launching Nov. 12 for all Xbox One owners
– Larry Hryb (@majornelson)

The update introduces a major overhaul of the system as well as a dashboard revamp. The long awaited availability of backwards compatibility for Xbox 360 games will also be part of the update.
Some of the other features and changes that the update brings will include, a more optimized online store and a more social friendly community section. According to Microsoft the new Xbox One experience will allow players to access gaming features up to 50 percent faster.


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