Quote Originally Posted by Joystiq

The Xbox One, PS4 and Vita versions of Minecraft are due to launch in August for $20, Mojang announced today. On Xbox One and PS4, the game is $5 for those who already own Minecraft on Xbox 360 or PS3. The Vita edition is a Cross-Buy title, meaning if you already own Minecraft on PS3, you get it on Vita for free. All PS3 DLC will work with the Vita version, though not all skins and texture packs will work on PS4 or Xbox One versions, due to licensing deals.


Minecraft: Xbox One and PS4 editions include bigger worlds than current-gen versions, and they both allow users to import save data from Xbox 360 and PS3 + Vita games, respectively. However, saves don't transfer from next-gen to current-gen systems.


"There are technical reasons for this; we can make worlds bigger without too much stress, but shrinking them causes all kinds of problems," Mojang says.


The $5 upgrade program will be live for at least a year after the August launches.
Well it is not an exact date, but its at least a start.

Also, there may be a way to save some cash here, I am reading on another website if you have a game save of Minecraft it will count as playing the game on 360 so you will be able to get the game on the new console for $5. So in light of that information, perhaps, if you just go rent the game from the video store, play it for an hour or so, get a couple of achievements. You will be able to get the game for a cheaper price. Just a thought.