Hardware:
-Comparable hardware to the PS4
-Kinect 2.0 offers a lot more fidelity; Ryse will be what Microsoft positions as killer app
-Controller will be slightly modified; better d-pad (not twistable); different guide button; "different wireless technology" like the PS4 so they both can sell us new controllers
-actual console is shown
-Blu-Ray
-1TB HDD
-U.S.B. 3.0
-allows used games
-always on means that there are no manual updates; *games can still be played offline
Software:
-Ryse
-Project Gotham Racing 5 or Forza 5 (really a toss-up)
-new I.P.(s) by Rare
-big 3rd party exclusive from EA or Bethesda (anything from Madden to Fallout 4)
-creative Twisted Pixel game
-Lionhead's Fable MMO
-Halo 2 HD
-lots of PS4/PS3/360 cross-gen multiplats
Features:
-XBL 3.0 is huge step up; bigger friends list, real names, more connectivtiy, etc.
-Some sort of custom Windows 8 RT is the UI
-fully fleshed out Kinect 2.0 UI navigation
-XBL Gold paywall for games and certain apps; Netflix, Youtube, Internet Explorer will be free
-Social media will be big
-Streaming features similar to PS4
-Some sort of Windows RT store connectionoSong of the conference
Bonus:
Song of the conference:
Imagine Dragons - Radioactive (Welcome to the New Age) - Seems like a hip, trendy song that ties in with the whole "new generation" thing.