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Impossible. The console was built around those functions and heavily marketed to use with the Kinect. Yes, the Kinect removal was one thing, but the TV and the HDMI IN are huge features built for the console. This will further damage the Xbox One's initial all-in-one box perception. While removing features makes sense for a slimmed down SKU, this would actually do harm for the console.

I don't mean to say this as a joke or flaming, but since the Xbox One has a peculiar appearance, the slimmed down version should resemble a cable box. I say this because it would look pretty nice along a HDTV setup, and the console itself sorta eliminates the need for a cable box.