3 out of 4. It was a successful conference, and they did their job well, including justifying the Orwellian features of the system. However, as a Nintendo/PC guy, nothing made me say "wow, I need to get one of these!" Plus, the $500 price tag is probably for a low tier system, meaning this thing will launch at $200 more than the Wii U did a year ago.
Microsoft set the bar, but Sony and Nintendo can still jump it.
Love and tolerate.