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No. From a hardware standpoint, it isn't even worthy of being compared to the 360 or X1, same with software. The 360 and X1 eclipse it in terms of multi-media functionality, the controllers have steadily and markedly improved from the original design, and you'd need to be wearing your Nostalgia Glasses to think that the library of the original XBox is better than the the 360s. Once the X1 is fully backwards compatible with the 360, the 360 will be obsolete in every regard next to the X1.

Consoles get better every generation; such is the nature of technology.