Interview with Major Nelson. From it, it's quite clear Microsoft are looking at the future and want to go digital.
Some of the key points are:
- "Virtually" unlimited friends list
- You can name 10 family members to share your games with. So for example, you buy a game and your son who lives elsewhere wants to play it. He can access your library and try the game out that you bought. But the restriction is one person at a time can play that game.
- You can gift a game to a friend, but only once. The new owner can't sell that game on.
- The future and vision of Xbox One is a connected console. The world is moving digital and online and cloud.
- Xbox One is region locked (the PS4 isn't by the way)
- The interviewer remarked the law in the EU regarding selling games, Major Nelson didn't know anything regarding that.
- Regarding the 24 hour check in, you can use your phone etc to tether.
http://www.youtube.com/watch?v=6RtSGFryKwo
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