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EpicRandy said:
this makes sense only if you can import your contact, and then can manage your friends separately on each console console.

ps. nothing in the twitter conversation suppose that you'll not be able to import your friend list or that they won't carry over.

I'm guessing it automatically imports your current friends but once imported, If you add friends to your Xbox One friends list, you won't see those additions to the Xbox 360 list.