Is it really possible? Could we see a cheaper version of the XBox One released in 2014? If a new leak is to be believed, a new competitively priced version of the Xbox One may arrive by the end of the year. 

Speaking under the condition of anonymity to VG24/7, an unidentified source claiming to be a senior publisher working in the Microsoft compound in Redmond, Wash., revealed that Microsoft has told trusted publishing partners that the company will release a cheaper new model of the Xbox One before the end of 2014. 

If the price-cut is indeed coming, this is huge news for the console wars. An Xbox One priced close to—or equal to—the PlayStation 4 could help the Microsoft machine begin gaining momentum, and possibly even overtake the Sony console in sales. One of the big sticking points for many console buyers has the Xbox One's hefty price tag, a more affordable XBox One could entice more casual gamers to pick up the console over the currently cheaper PS4. 

What remains to be seen, is if the rumored cheaper Xbox One is a brand new model or one of the other previously leaked Xbox One machines in the works. It is unlikely this cheaper XBox One is the previously leaked console with 1TB of memory or the special edition Titanfall model. The Xbox One without a disc drive and a bluetooth adaptor, however, is a likely candidate for a console with a lower price point. It is also possible that Microsoft is planning to release an improved Xbox One model and drop the current Xbox One's price.

Recently, various alleged leaks have reported new Xbox One models as well as games coming in 2014.

While these leaks are unverified, it looks as though Microsoft is angry enough to pursue legal action against the person responsible. Kotaku reports that the company is trying to identify who brought this information to light and bring legal action against them. This may indicate that the information may be true at least in part as Microsoft could easily deny these claims instead of bringing lawyers into the picture if the reports were false.