So far this system is a huge disappointment.
No sharing of games between siblings and friends is not fun. There's many games I would have never got if I wasn't able to borrow it for a few days or hours from a family member or friend.
Also, as someone who does sometimes trade in or sell used games, I hope their 'system' of selling used games is fair and pays real cash and not Xbox points or something stupid.
The system requiring Kinect to always be connected is a choice I'm not fond of, but we'll see exactly what impact that has in the long run. I hope I can just use the controller and never worry about the Kinect.
So the system is not always online, but if you want to even play a new game you just bought, you'll need to sign on to confirm the game-code? So you have to have an Internet connection to play any games essentially, not fair to the consumer; as I am sure there are thousands who own a 360 but don't have an Internet connection.
It sucks because I enjoy Microsoft's exclusive games, but the PS4 so far sounds more enticing. I guess we'll have to wait and see, because maybe Sony will end up announcing game-codes as well?
Edit: Someone mentioned in an earlier post that the golden age of gaming was over, and I think they may be right. I'm going to enjoy the next and final 6-12 months of games on the 360 more than ever before: Saints Row IV, GTAV, COD, Watch Dogs, etc. Any cross-platform games I'll get on the 360; I won't be getting a next-gen console at launch.
I think the Wii-U will be the only console remaining that is reminiscent of past gaming console generations.
Edit #2: Some helpful FAQ on IGN:
https://www.ign.com/articles/2013/0...and-dont-know?abthid=519c9e21bcbbcc0d2f000006
Interesting tidbits:
-Article says you can trade in used games at retailers, details to be confirmed.
-Xbox Live Arcade games will not transfer, keep your old box if you want to play those along with your 360 games.
-Cannot turn Kinect microphone off, Kinect is "always listening".
-Console requires to connect to the internet at least once a day. Someone in the comments mentioned that if your internet goes out for a few days, you can't play your Xbox. I'd say the majority of internet users experience outages every year, for days at a time even. This will make a lot of people angry.