Microsoft Dismisses Rumor of Disk-less $399 Xbox One
 

The rumor that Microsoft was getting ready to market a disk-less Xbox One with a reduced price is just that so far, only a rumor. Without making a formal statement, Microsoft utilized Twitter for a non-denial denial saying "not to believe everything you read on the Internet". Still, Microsoft is reportedly seeking legal action against the anonymous NeoGAF leaker, which would imply some validity to the claims.

http://www.hardocp.com/news/2014/02/..._399_xbox_one/