No, it's got a less beefy gpu and other components but they use the same next generation parts, for example, there a far fewer CUs but they're RDNA2 CUs just like the Series X. This basically allows it to be far cheaper while offering a similar performance at a lower resolution and maybe lower frame rate (1080p vs 4k/8k).
They sound like the same NVMe custom drives just that the Series S has half the storage capacity, it'd be VERY expensive for Microsoft to develop 2 state of the art SSDs at once so I'm pretty sure they would be the same speed and everything, again, with different capacities.
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u/east_arora Founder Sep 08 '20
Holy shit that was an unexpected announcement...they really said fuck it and made it official. No event no build up.