Apparently, this Xbox One version has only been in the works for a couple of days. Up until then, Ackk Studios had been developing Y2K for PC, Wii U, PlayStation 4, and PlayStation Vita. The plan is to have it finished by March 2016.
YIIK is set during the 1990s and follows college grad Alex Eggleston as he chases down a local mystery that he sees discussed on a strange online imageboard. It expands from there to involve “eight strangers, a mysterious woman who vanishes in an elevator, and weaponized Panda plushies.”