To me, the only major con is the 24-Hour connection

[EncodedNybble]

I think we may see a "requires online connection" console in the future, I think now is not the time for one and I believe the xbone will suffer for it.

Checking in once every 24 hours allows for features like selling/trading digital purchases and gifting digital purchases, there are HUGE markets that don't have a stable enough internet connections to really be ok with such devices. Tethering to a mobile phone isn't all that easy either (especially for iPhone users).

I think the concept eventually (like maybe another decade or so) might be easier to swallow, but, at this moment, I think it's a huge mistake.