This device is nothing but at PC, a PC has all the interfaces listed with this game box, ultimately it is an additional PC in the home, Sony and Microsoft should think in the direction of reducing the hardware in home, by enabling multiple usage of a device, we will be waiting for an emulator to use the gamebox as a PC.
Again Marvel is lucky to get placed for serving Networking functionalities in XBox, but as compared to Sony Playstation, Xbox is using only one Network Chip, it seems that the network software stack might be efficiently able to cater the XBox controller and Wireless Communication with the Internet.
From a purely hardware perspective, the Xbox & Xbox 360 were also just "nothing but a PC." But from the software side, the user interface side (game controllers & headsets) and the overall ecosystem, they were always entertainment devices -- far more so than most desktop PCs. It looks like MS has further extended the entertainment capabilities with the Xbox One, and I wish them lots of success in the marketplace.
Nothing wrong with being built from PC parts, makes it economical and uses best practice for that level of number crunching. I would have been more surprised if it had been an ARM core! Okay they (Sony or Microsoft) didn't use PowerPC again, but given they are trying to keep costs down doing a deal with AMD should achieve that.
The big failure is their handling of 50Hz, really? Adding an extra frame every 5th frame to boost it to 60Hz?
reducing the hardware?...I see the opposite trend, we all have more devices at home...in 10 years I have gone from 1 (just PC) to 10 (PC, 3 laptops, 2 smartphones, 2 tablets, appleTV, console)...if you reduce teh hardware where is teh revenue growth coming from?