X-Box Announced
The X-Box is rumored to ship with 64-megabytes of system and video RAM, will have an 8-gigabyte hard drive, and will be powered by a 650MHz version of AMD's popular Athlon CPU. Contrary to previous reports, however, the X-Box will not be using a GeForce 256 as its primary graphics processor. Instead, Microsoft has supposedly opted to use a future chip from Nvidia - most likely the NV11 or NV15.
Also, GameSpot got word that the deal between Sega and Microsoft has been broken off.
... the royalties for the Windows OS and the cost to make the X-Box compatible with Sega's Dreamcast were factors in Sega's decision.