1. A Direct 3D capable GPU.
2. A downclocked 4 or 8 core Power6 CPU.
3. 2 GB of DDR3 and 2 GB of 1T-SRAM.
4. Holographic Storage for game media (Nintendo has a patent on this) or at least flash based media.
5. SSD.
6. 802.11n Wi-Fi.
7. Fully robust online infrastructure with steam integration.
8. Blow us away with something innovative.
The rEVOLution is not being televised