If all goes well, the Xbox One should provide years of next-gen gaming goodness, serving up a catalogue of blockbuster titles from Titanfall to Halo and offering an unrivalled voice and motion control experience.
We've picked a bunch of gear to ensure you get the most out of Microsoft's gaming companion, so let's get started, shall we?
Got a PS4 too? Check out our Sony PS4 ultimate setup.
Xbox One Controller (£45)
A bit unimaginative, perhaps, but what good is having a beast of a next-gen console if all your mates can do is watch? Pick up a second controller and spend hours shouting at each other on the virtual green turf of the FIFA 14 arena.
OFFICIAL XBOX ONE PLAY AND CHARGE KIT (£20)
The Xbox One's controller will happily take regular batteries, but this rechargeable one will be much easier than restocking your supplies after heavy gaming sessions. An included charging cable turns the controller into a wired one too, so you can still play while it's drinking up that well-earned juice.
Turtle Beach Ear Force XO SEVEN (£150)
The Ear Force's memory foam cushions should help isolate any outside distractions while its noise-cancelling mic can be removed for listening to music while you're out and about. You can also individually adjust game sound and chat to your taste, drowning out your teammate's angry cries with gun fire, if you like.
Polk Audio N1 Soundbar (US$300)
This soundbar was designed specifically for the Xbox One, complimenting its '80s VCR grill design. It also promises to sound as good as it looks, thanks to optimised custom EQs specifically tailored for particular games. It's also got aptX Bluetooth for quality streaming from your other devices, including recent Android smartphones.
THRUSTMASTER TX RACING WHEEL FERRARI 458 ITALIA EDITION FOR XBOX ONE (£250)
Immerse yourself in Forza 5's eye-watering graphics and fully recreated tracks by jumping into your armchair in front of this 7:10 scale replics of a Ferrari 458 Italia's steering wheel, complete with metal accelerator and brake pedals.
Mad Catz Arcade FightStick Tournament Edition 2 (£180)
This arcade controller is the perfect companion to Killer Instinct and features the same Sanwa joystick and buttons found in Japanese arcade cabinets. If you know anything about Japanese arcades, then this is a very good thing. It's buttons will take more of a beating than your on-screen character.
Logitech Harmony Touch remote (£150)
Logitech's control-everything-under-the-sun universal remote is useful in its own right, but you can now download an update for Xbox One support too, saving the One controller's battery life when you're watching movies.
GAMES POWER DUAL CHARGE DOCK (£17)
When your trusty Xbox One controllers get tired, just tuck them into this charging dock which can juice up two controllers at once. Ideally when you're going to bed or eating. You know, those things you have to do in between gaming to, er, live.
Speedlink Tork Camera Stand for Kinect (£19)
Sony KDL-55W905A (£1,350)
Sony's stunning 55-incher uses its new Triluminos technology to beam improved colours and contrast into your peepers and it has a very low (for a telly) input lag of only 10ms, making it ideal for those nano-second headshot reactions in Battlefield 4 or Call of Duty: Ghosts.
PANASONIC TX-P55VT65B (£1,900)
Panny's brilliant 65-inch TV offers a stunning screen, silky smooth motion and intuitive, easy-to-use smart features with booming sound to match. A worth winner of What Hi-Fi's Best 55in+ Award 2013.