It's a great time to be an Xbox player with the launch of Halo 5: Guardians this week, and in a few weeks it will get even better with more to come for Xbox One owners in the very, very near future.

During tonight's Halo 5: LIVE event on YouTube Gaming for the launch of Halo 5: Guardians, Xbox head Phil Spencer confirmed that the New Xbox One Experience update will be arriving to Xbox One users on November 12th, 2015, with the new update bringing backwards compatibility to the public and much more coming along the way in the new update.

Specifically, the Xbox website has given even more details on the New Xbox One Experience with plenty of images, with the site detailing the New Xbox One Experience's improved user interface and faster performance, along with "expanded social content and engagement."

The New Xbox One Experience update will also provide a new guide system, providing easier navigation to notifications, messages, part invites, and more without needing to leave or pause in the middle of a game. Game Hubs will also be provided for more specific information and updates on your favorite games, fed specifically by the game developers/studios, while also engaging in content for those games from the Xbox Live community.

The new Community area will also provide updates and interaction from the Xbox Live community by allowing you to share, comment, and like content from other players, such as videos, screenshots, and more that can be accessed from friends and game developers in the "Activity Feed" section.

The update is also bringing a refreshed take on the Xbox store with content being divided into Games, Apps, Movies & TV, and Music for easier navigation to find the content and categories you are looking for, along with Staff Picks, New Releases, Top Played, and other categories for digital content.

Of course, one of the biggest draws of the new update will be the public release of Xbox 360 backwards compatibility to Xbox One, which was previously released earlier this year specifically to Xbox One Preview Program members. As previously reported, over 100 backwards-compatible titles are expected for the Xbox One this fall, with "hundreds more in the months to come."

The New Xbox One Experience will be launching on November 12th, 2015 - in the meantime, you can check out several images from the upcoming update below: