I think Microsoft has seen success with a subsidized console and will likely continue to offer one, if not many options, with the next generation.
All versions will include Kinect 2.
Don't be surprised if the media/non-gamer centric version is seen as a set-top box for cable/satellite operators. Motorola previously used Microsoft for set-top boxes, however considering Microsoft and Motorola's recent legal spat and a slate of patents, it seems Microsoft may be getting into direct competition on the STB front.
The STB version would have the same power as the full console, but would not include controllers, an optical disc drive, or as much memory. In addition, it would include an ATSC tuner/satellite receiver.







