This year, video game console manufacturers Xbox and Playstation wage tough competition as they to outdo each other as they unveil mouth-watering video game console bundles.

In the recent Gamescom event held in Germany, Xbox unveiled an overpriced console that had a pixelated paint job and is aimed at deep pocketed parents who have children that are die-hard 'Minecraft' fans. They also released a "Shadow of War" bundle that will give players a 1-month Xbox Game Pass, a 14-day Xbox Live Gold trial, and exclusive in-game loot. PlayStation answered back with a mysterious teaser earlier this week that turned out to be the "Gran Turismo Sport" PlayStation 4.

The bundle

The upcoming racing video game was developed by Polyphony Digital and is published by Sony Interactive Entertainment for PlayStation 4. It is the 13th title in the "Gran Turismo" franchise and is a fitting testament to the success of its predecessors. PlayStation succeeded in impressing its fans when they unveiled the limited edition GTS bundle. The highlight of the bundle is a shiny 1 TB slim console that has a two-tone silver and black finish. Like most limited edition merchandise, this is expected to sell out fast. The console gets a matching limited edition controller complete with a "Grand Turismo"-branded touch pad.

The bundle will include a "Day 1" edition of the video game, several stickers players can use in the Livery Editor featured in the game, a $250,000 game credit that can be used to purchased items, 60 "Gran Turismo Sport" avatars that can be used in the player's 4 profile and a special chromed helmet that players can use in the actual game.

A premium steel-book edition is also available that includes the same set of goodies as the main bundle and has 6 additional vehicles: a Toyota FT-1 Vision Gran Turismo (Gr.3), a Nissan GT-R NISMO GT3 N24 Schulze Motorsport, a Chevrolet Corvette C7 Gr.3, a Renault Mégane R.S. Trophy, an Alfa Romeo MiTo 1.4 T Sport, and a Volkswagen Golf VII GTI.

The real driving simulator

Since its first release in 1997, GT aimed to provide the best driving simulation to PlayStation players. The guys at Polyphony Digital went as far as collaborating with peripherals manufacturer Logitech and auto parts maker Sparco to design official driving simulator kits for the Gran Turismo franchise.

This limited edition console is currently made available to the U.K., Europe and Australian markets only.