The black console wants to be the one-stop entertainment solution for your living room, integrating live TV, games, movies and web services like Skype, all controlled using Kinect's improved voice recognition features. The official Xbox One release date is November 2013 for the US and UK.
I think that Microsoft is headed in the right direction. Look at Steam! Steam is doing better than ever with the same exact strategy as Microsoft. Used games are evil and I'm very happy that Microsoft is headed in the right direction. One of these days (probably not for another 10 years or so) physical media will be completely gone. I can't tell you enough just how easy it is to have all of my games available in a list of games on Steam. Same will happen to Xbox One.
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