I was prepared to get blown away, but I wasn't. I didn't see anything I just HAD to play. If I just wanted better graphics then I would get the games to run on my PC with DirectX 11. They look better than anything I saw there, but as we all know, it's more than just graphics.
While I like the idea of a extra small screen, 6.2 inches is just too small for me. When I saw the little mii's with no arms again I was like, "Noooooo!"
Then the same old Wiimotes, balance board, wiimote pluses, etc. (It puts the jacket on, it takes the jacket off, it puts on the WM+, it takes it off and puts it in the steering wheel, etc.)
Had they released it last year, I would probably have it. But I've already gotten spoiled by speaking to my Netflix or Hulu+ and having it respond. With the stuff MS is adding to Kinect it will only get better.
Now they need to talk about the stats. Do I get full 3D 1080P 60 frames a second and 5.1 or 7.1 surround sound? Does it have a blu-ray (not that I need a second one.) Can it stream Pandora, Netflix 3D/everything else?
If it could run in Full 1080P and 3D then I might consider it when I get a 3D TV. (Could it upscale and 3D my Super Mario Galaxy? - that would be totally cool and a potential changer.) But by then it looks like the new PS4 or KinectHD/Nextbox will be around the corner.