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You know, sharing videos has been available on Xbox 360 and PS3 forever--not perfect recordings but accurate enough replays to get the job done. My first experiences with this came from Burnout Revenge back in 2007 and Super Street Fighter 4 and you know what? The shit got old really quick. No idea why Xbox One and PS4 are making a big deal about it. Do people really want to watch other people play games?

*edit* Just to be clear, aside from the DVR functions, I'm not 100% sure what the PS4 and Xbox One's sharing capabilities really are.