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Pretty excited. 

If they give me a standard controller I don't have to plug into something, achievements, abandon the concept of friend and console codes entirely, and be at least as powerful as the PS3/360 I'll be in line waiting for a preorder day one.

I'm perfectly happy with keeping motion controls built into the system and I don't even mind if the online capabilities are less than the 360 or even PSN, I just want those above things.

Oh, and also full backwards compatability with the Wii and hopefully Gamecube (though I could live without that and understand it being taken out).