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Based on its presentation, I don't think Microsoft is paying any attention to Nintendo.

According to what I've seen and experienced, Wii U is primarily a video game player with a social network, some multimedia applications, and Nintendo TVii, which allows users to scan all television/movie sources at once.

Xbox One seems to be primarily a multimedia hub that streams TV, movies, sporting events, and video games.

I think that Nintendo wants the Wii U to be unobtrusive in the living room, whereas Microsoft wants the One to replace everything else in the living room.