The Surface 3 will also work with the company's signature Surface Pen. The pen will also now come in different colors -- silver, black, blue and red -- but is still sold separately. (So is the Surface's keyboard cover.)
Take a closer look at the Surface 3's features here:
The announcement is also notable because of what it doesn't mention -- anything about Windows RT, the operating system that Microsoft designed for tablets that used to count the lower-priced Surface as its main showcase device.
When Microsoft announced the Surface Pro 3 without a Windows RT counterpart last year, speculation flew that the operating system was on its way out. Tuesday's announcement seems to confirm that -- at least for now -- Microsoft isn't interested in making new RT devices.
The new tablet will run Windows 8.1 and will be eligible for a free upgrade to Windows 10 when the new operating system comes out. The Surface 3 will go on sale in the U.S. starting May 5, and expand to more international markets on May 7. If you want to try it before then, you can head to your nearest Microsoft store starting April 1 for a hands-on demo.