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Chazore said:
All I saw was PR and no straight forward answer.

about the next xbox:

"You'll actually see us come out with new hardware capability during a generation allowing the same games to run backward and forward compatible"


Thats a pretty straight forwards answear
, it means:

Xbox Two = will play Xbox One games, exactly the same as the Xbox One.

Xbox One = will play Xbox Two games, at lower resulutions, and still be able to play Xbox One games (if they still make those after the Two launches).

 

** Maybe its not a Xbox Two, but a Xbox One & half or something, but it ll be more powerfull, and be what game developers aim for, your Xbox One will run the same games just at a lower resolution.