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Keep it simple.Dont add a ton of features just to add them (Dont try to be a all in one just be a gaming system).

Keep it under $300. Kinda goes with above statment.

Launch with a couple nice 1st party games. Doesnt have to be the biggest hitters, but some games big enough that push the hardware.Ill never buy a Nintendo system just for a 3rd party game. Well maybe Dragon Quest and  a really awesome Sega game.

Have game demos for new concepts. Make a central store. (The handheld shop should also be on the Home system).

Do what you want with online multiplayer stuff, I dont much care.

Catering to the third parties is a waste of  time and money. They need to learn they are to come to us not us go to where they are.