It's the Xbox controller with a twist! As indicated by our source, Microsoft has announced a redesigned Xbox 360 wireless controller. The new gamepad will debut in a matte silver color with gray-toned face buttons. Key to the new design is a "transforming" D-pad that changes from a semi-flush disc to a pop-out plus sign by twisting the D-pad clockwise. (Check out Major Nelson demonstrating the transformation in the video after the break.)

The redesigned controller will only be available with the new Play & Charge Kit. The bundle will launch on November 9 for $64.99.