What is the volume of the region in three-dimensional space defined by the inequalities $|x|+|y|+|z|\le1$ and $|x|+|y|+|z-1|\le1$?

$\textbf{(A)}\ \frac{1}{6}\qquad$ $\textbf{(B)}\ \frac{1}{4}\qquad$ $\textbf{(C)}\ \frac{1}{3}\qquad$ $\textbf{(D)}\ \frac{1}{2}\qquad$ $\textbf{(E)}\ 1$