Looks good, and already has a few cool exclusives (ZombieU, Rayman Legends, Pikmin 3, Mario, heck, even NintendoLand could be a laugh!), but it all comes down to the price.
It seems to be a very competent piece of HW, and it looks more powerful than the PS360, by a way. But I'll wait until the end of the week when I've heard hands-ons.