I think it sounds awful. About the only positive thing I can say about it is that the fact that it looks like a VCR from 1993 makes me laugh. I think they made a lot of baffling, delusional decisions with this.
The fact that this thing must connect to the Internet at least once every twenty-four hours is really stupid.
But the absolute worst thing about this is how they're going to rape/destroy the used game market. This is pure greed on M$'s part. I'm sure Gamefly is just 'thrilled' with a lot of the news that came with the reveal.
I may be completely wrong, but I think this thing is going to be an absolute train wreck. Even more so than it already sorta is.
EDIT: Also, I love this GIF
