After watching the live stream of the XBOX ONE reveal here is the highlights of the good and the bad. I'll try and make this as short as possible.
Good
Not always online
Confirmed after the conference is that it is not always online. Only time online is needed is if installing a second hand game.
Kinect 2.0
For the first time ever I was very Impressed about Kinect. It was amazingly fluid and some of the things that they were able to do was both unbelivable and amazing. having it connected with TV to make a more intelligent TV was very impressive along with the fantastic multitasking.
DVR Recording
The DVR function is much like the share feature on the PS4 except you will be able to record anything on TV instead of just gameplay. Very impressive that they got this in the box functioning.
BluRay
I'm not going to get into this as we are all aware of why this is good.
Specs
With 8Gb of Ram and 4 Billion Transistors this thing is going to be a beast.
XBOX ONE
The console it's self along with Kinect looks good.
15 First Party Exclusive and 8 new Ip Franchises
This was the biggest news to me in the conference. I actually had predicted that Microsoft would have the most new Ip games of the big three but I did not expect them to have 15 new games in the first year. This E3 will be huge.
Third Party Partnerships
Once again Xbox is going to create great partnerships with timed exclusives, exclusive DLC as we see with EA Sports and Call of Duty Ghosts, as well as completely being exclusive with developers such as Remedy and Quantum Break.
TV and Entertainment
With Kinect making intelligent TV possible with Kinect I am extremely excited to see what they can do with this.
Bad
Trailers
Even though I wasn't expecting any games until E3 I still wish I could of seen a one or two of the new Ip games.
Blocked Used Games
This was actually talked about after the conference but XBOX ONE is not always online. There is a fee to play second hand games, though you can still buy used games. Just like Sony they have been a little shady about the details of blocked games.
EA
While I thought EA did a good job with some of the sports footage they really seemed to just waste some time. EA did not leave me impressed. However they did announce exclusive content for XBOX ONE. That may have been the only good news that came from EA.
XBOX Live isn't free
For many this isn't a big deal but to others it is.
Backwards Compatability
It was said after the conference that it does not have BC
