Mar 13, 2017 12:28 PM EDT By Donna Mills, UniversityHerald Reporter

Xbox's new console, Project Scorpio, will not come cheap. Gamers will find the console's exorbitant price worth it, though.

Xbox touts Project Scorpio as the most powerful console in the gaming world once it launches. Its product page popped up on the Microsoft Store and it detailed exactly what made it a mega-powerful system. Project Scorpio has 6 teraflops of graphical processing power and it is compatible with every Xbox One game and accessory.

The console also supports true 4K gaming and high-fidelity virtual reality. The official listing doesn't allow pre-orders at the moment, but interested buyers can sign up on the website so they will be notified by email when the console's availability is up.

Players were previously worried about whether or not they would need a 4K TV to enjoy the system's high-res capability. Microsoft, however, assures fans that Project Scorpio is at its best when it's utilizing a Full HD 1080p display.

Players will see better performance and efficiency when the system is running games on 1080p HDTVs. The Shader Model 6, or SM6, is responsible for that. Also, shader compilers have been enhanced for Project Scorpio and other Xbox One consoles currently out in the market, according to HotHardware.

Xbox's upcoming console has lesser frames than the current Xbox One systems. Games with True 4K assets in 1080p displays will see graphical enhancements, too, thanks to the Project Scorpio's supersampling functionality, which will remove any jagged edges visible on the screen.

It must be pointed out, however, that Project Scorpio still works best on 4K TVs. The console is definitely meant for that given that it will come with a 4K Blu-ray player with HDMI 2.0a output and Wide Color Gamut and High Dynamic Range (HDR) support. Expect games that are meant for True 4K to be included in your purchase, too.

It hasn't been launched yet, but Xbox is already planning big things for Project Scorpio. The company will enable the console to support mixed reality headsets in 2018. By then, the console will be able to work with Windows Mixed Reality headsets from Acer, Dell, HP and Lenovo.

Project Scorpio will be unveiled to the public at E3 2017, which takes place from June 14 to 16. Its price is at the premium level, meaning it will be more expensive than the $300 Xbox One S. That being said, Xbox expects -- and is okay with -- the Xbox One S to sell like pancakes compared to the pricier Project Scorpio.

See Now: Covert Team Inside Newsweek Revealed as Key Players in False Human Trafficking Lawsuit