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It's a smart move in that it helps differentiate the Xbox from the PS4. Basically I think that all 3 manufacturers are taking a different approach to their next gen console.

Nintendo went for a unique input method/accessory and a cheap price, thus sacrificing power.
Sony is going for high power and a relatively cheap price leaving the accessory(camera) out of the box.
Microsoft want the unique accessory(kinect) and the power in the end sacrificing the price.

We know that Nintendo has been struggling with their console, but which of the other 2 approaches is going to work best (or if they'll both be equally successful) remains to be seen.

PS.: I really think that a certain person in this thread is seriously overselling the features and uses of the kinect that have been shown till now, neither skyping while gaming nor any of the ingame uses of the kinect the article mentions can in my opinion be described as revolutionary, let alone make the Xbox One the only true next gen system.