Joystiq/Engadget has great coverage of the Microsoft press conference and snapped a pic of the PowerPoint slide. First, it looks like it is just an external optical drive that connects via USB. Second, it will be out this year just in time for the holidays. The big thing though that everyone wants to know is still missing; the price. We are hoping that it is around the $150 - $200 range but no one knows for sure yet. We will let you know as soon as the price becomes available.