Microsoft revealed their new console today and I have to say, it definitely seems to have more appeal than the 360 did. The name is officially the Xbox ONE (I thought they already have a first console? /joke) and it has a 8 Core processor. Blu-Ray player, 8 GB of RAM, 500 GB Hard Drive, support for smart glass to enable multitasking with a tablet or other related mobile device, 1080p features for Kinnect, more voice friendly features such as buying movie tickets, Skype support, and the Kinnect will be able to read your heart rate. The system runs 3 systems at once: Xbox OS, Windows Kernel, and both of them at once for multitasking
Now for the games: games such as Fifa and Forza have been confirmed for the console, the developers of Max Payne and Alan Wake revealed a new exclusive "Quantum Break", Call of Duty: Ghosts is also coming to the console. Microsoft has confirmed 15 exclusives for the Xbox one console.

Extra info: Microsoft will require a fee for a second account to play the game meaning they too will own it and they won't need the disc.

Here is an article related to the new system that most likely covers more details than I did
Microsoft announces Xbox One - CBS News

Thoughts on this new system?

My thoughts are that this system actually looks better than the 360, although microsoft may need to be careful how they approach the audience with this new system. For one, they are blocking used games like the PS4. Second, this console is more of a multimedia system rather than a gaming system hence the lack of games that were actually shown for the console. Last thing I'd like to point out is that microsoft is putting too much emphasis on the Kinect. I'm sure many gamers and people who use consoles to watch tv and movies in the first place want to have something they can touch and manipulate, if you get away from that, less people are going to want to use this thing.