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In a world where these changes wouldn't drastically increase the price of the product:

PS4: Backwards compatibility with PS1/2/3.
X1: A better GPU.
WiiU: A better... everything in the box :p

In a world where the final product has to be the same price as now:

PS4: Nothing (not because it's perfect, it's just the best it's going to be at $400).
X1: Hardware designed as a stand alone console. No need for hardware cuts to make bundling Kinect 2 financially viable.
WiiU: Traditional controller instead of the pad. The money saved is put into making the hardware not suck.