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TomaTito said:
thismeintiel said:

My guess is either a power button or an LED indicator. If it's an LED indicator, it sticking out instead of being flush makes it look cheap.

That makes sense, could be.

Barkley said:

It's the Sync button for pairing controllers.

How is syncing done with the Xbox One?

It is not a power button, the power button is the Xbox big circle. It looks like a sync button, but if that's true it cant be the final product, they wouldn't make the sync button bigger and more in front than the eject button. Which leads me to believe this is not the final design to the consumer.