At the recent E3 conference, Microsoft announced its cloud gaming system, which is being called by a new report Scarlett Cloud. But it seems that isn’t the only big thing coming for Microsoft’s next-gen Xbox strategy. Thurrott.com reports the next Xbox will be coming in two versions. One is the traditional gaming console with games being processed locally, and the other will be a lower-powered system that will stream games from the cloud. The report says the console will still have some processing power to help counter any latency usually associated with streaming games and it’ll run part of the game locally but the rest will be streamed to the system. This streaming-based Xbox is being speculated to cost much lower but will make up its profits from the sales of games and online services.