You're joking, right?
The Xbox has Live, the great tv integration, and updated kinect. I guess it ultimately comes down to the types of games you play, but to me its no contest based on both unveilings so far.
The PlayStation 4 seems to surpass Xbox Live with the new Gaikai service.
Furthermore, I live in Europe so that entire TV integration shizzle is useless for me, as the entire device is centered on the United States. Also, I find it 'old' and 'conservative'. I think they would be better off to introduce a new type of watching TV, like on-demand TV series and some live channels for "live television" (think family shows, or breaking news).
I was impressed with the updated Kinect, but I'm not really happy that all your conversations are recorded - even when it is off - and saved at Microsoft's servers.
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Genuine query - what did the PS4 have that was significantly better? (I've not really been following the PS4 launch)
Their new online service, Gaikai, seems to outperformance Xbox Live. Also, the hardware is at least 50% more powerful so games will probably run better on the PlayStation 4.
Furthermore, the PlayStation 4 does multimedia too, but it is more focused on delivering the best game experience. The PlayStation 4 event was full of game announcements and lots of gameplay. Also, we saw
a lot of exclusive first-party games.
The Xbox event had two multiplatform game announcements (Call of Duty, and FIFA 14 of which we didn't get to see anything) and two exclusives (Forza, Remedy's new game).
I suppose that is very disappointing that Microsoft announces their new Xbox a
full three months after Sony's announcements, and yet the new Xbox is less powerful (the PS4 is 50% more powerful) and they had barely any games compared to PS4.

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Actually this cemented my thoughts to dump consoles all together and just throw a PC with Steam Big Picture under my TV. I just don't see anything really compelling about this or the PS4 for me, someone who just wants to play games. I've been eying up one of those Digital Storm Bolts.
Yeah, but the advantage of consoles are obviously the easy of use and "it just works"-idea. Also, I just love playing on the big screen (TV) which you can obviously do with a PC, but it is just not the same.
That said, while PC can be great, I prefer the ease of use of consoles (and the exclusive games

).
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What were you expecting exactly??? Xbox live is 100x better then the PSN network and at the end of the day that is the most important feature for online gamers like myself. The One has great hardware specs and a great online service, what more could you want?
It is just that Sony's been making huge improvements with their online services and their "PlayStation Plus" service is miles ahead of what Xbox Live offers (here in Europe).
With Gaikai, they seem to drastically improve their online service which goes beyond what Xbox Live currently does (and beyond what Microsoft has announced).
Xbox Live was a real advantage back in 2005 and 2006, but anno 2013 the free version of PSN is about as good as the paid version of Xbox Live - and currently, Sony is showing more advancements with the PS4 in their online network, than Microsoft with the Xbox One.
About the 'great hardware specs'. The Xbox One doesn't have crappy hardware, but you've got to admit that it is kinda disappointing that
three months after Sony announced the PS4 they still come up with way less impressive specifications. On the PS4, the GPU alone is already 50% more powerful.
I'm not saying the Xbox One is a bad machine, but it just isn't that focused on games.