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I think the only way that the XBO can compete with PS4 is the way PS3 competed with X360. By having quality, quantity, and range of exclusives not available on X360. The XBO is not in the same boat as Wii U because it will still be getting many of the 3rd party ports and they ports are mostly the same game despite some minor native to upscaled resolution differences.

Oh, MS must absolutely remove the Kinect as forced inclusion before someone like me even considers getting XBO regardless of cost.

Like they could have XBO with Kinect for $350 and XBO without Kinect for $450, and I would choose the $450 one without the Kinect. I want nothing to do with Kinect. Once on the X360 was enough for me.