Currently Online 
No thanks.
Still confirms that you won't have actual ownership over your disc based games. It's all about permissions from MS to be able to do anything with your games. A lot of overcomplicated restrictions, 'can enable' and 'may's' and no guarantees.
As we move into this new generation of games and entertainment, from time to time, Microsoft may change its policies, terms, products and services to reflect modifications and improvements to our services, feedback from customers and our business partners or changes in our business priorities and business models or for other reasons. We may also cease to offer certain services or products for similar reasons.
It also says no where that you only need to re-verify the disc to keep playing off-line.
With Xbox One you can game offline for up to 24 hours on your primary console, or one hour if you are logged on to a separate console accessing your library. Offline gaming is not possible after these prescribed times until you re-establish a connection
Nothing whether you can unplug the Kinect if you don't want it looking or listening, or lugging it along to a different location.
It's all unnecesarilly complicated with only promises that you can sort of do the things you can do now with your disc based games. They should have offered the choice, buy digital with all these 'benefits' or buy discs the old way.
No ownership, no sale.
I'll be waiting for the slim version to see if it this will result in Steam like sales. I'm not paying more then $10-$15 dollars for games I don't get to own. $60 for an installation disc with online drm, no thanks.
