Watched the stream live.
Looks like a hybrid between an expensive HTPC Case, VCR and Nintendo NES, Nothing really about the system specs apart from 8GB Ram and USB 3.
Far to much kinect rubbish and looks like half the features won't be usable outside of the USA sadly.
No special games at all. COD more or less looks like the same thing, with apparnt new stuff that has been about for some time.
Although i can't wait for the Halo TV Series
Chris