cool 
let's just kick back and remember the glorious xbox ONE reveal:
My initial thoughts:
From a specs/media aspect it was pretty much as I thought.
Not thrilled with the look, but not hating either. Just wanted something more funky, but it looks like it's designed not to be hidden in a living room.
Glad the controller wasn't changed - I think it's the best I've used, but that's subjective.
I'm sure the games will look out of this world, so CoD will be gorgeous even though it will be the same multiplayer game I've played the 4 go rounds. I will still enjoy it though. MS getting the maps first is pretty big.
Now that I've thought about it, I don't think backwards compatibility is a big deal at all. I don't replay old games anyway, and if I do, they'll be an emulator and I keep my old consoles - N64, cube, PSone/2.
Hope there's no slim/streamlined version too near after launch.
A lot of the features I probably won't use, outside of it replacing a Cable Box in my house. I may eventually bag cable if this stuff gets more content.