So there are two versions:

1. A very expensive x86 version that is almost double the weight of an iPad or Android tablet. It runs existing Windows apps that no one in the tablet world cares about or has ever expressed any desire to run.

2. A less expensive ARM version that has almost no software written for it and that developers have no reason to target instead of Android and iPad.

Both versions run a version of the despised Metro-ish interface from the dead Windows Phones and hated Windows 8 UI.

Microsoft really shouldn't have called this a 'major event'. Now the few places around the net that are actually covering this thing are all using the phrase 'major event' sarcastically.

All Microsoft accomplished today was reminding everyone they aren't Apple but wish desperately to be so.

Cormen and Rivest

"they ALREADY have the hardcore audience down pat"

The Xbox 360 is completely dead in Japan.

The Xbox 360 is completely dead everywhere in Europe outside of the UK.

Microsoft doesn't have anything 'down' with the Xbox 360.

"Considering everyone I know with a Wii has maybe 3 games"

The Wii, PS3, and Xbox 360 all have attach rates around 8.

"They have the hardcore market, not much growth there anymore for them"

The PS2 sold 100+ million consoles after it reached 50 million and dropped in price to $199 from $299.

"they have a real shot at taking the #3 slot in mobile"

Microsoft's mobile marketshare is plummeting each quarter. And Windows Phone 7 has a worldwide marektshare of 1 percent.

"The PS3 was waaay too expensive at launch and now the one two punch of the hack all over the news for weeks and Netflix making Blu Ray for most folks a non starter I'd say they are never gonna pull out of dead last this round."

The PS3 is outselling the Xbox 360 in 2011 by a large amount while still being 100 dollars more expensive and Microsoft blowing half a billion dollars on advertising and PR in 2011.

The Xbox 360 is in last place in worldwide installed base and has been for quite some time.

Stop reading fanboy fake sales number sites to avoid making a fool of yourself in the future.

The company that made the Kinect system tried to sell their stuff to Apple, Nintendo, and Sony. None of them wanted it. It was Microsoft who finally ended up buying this junk.

Now, predictably, stuff that no Xbox would have ever cared about that has been done for years with webcams or Sony's Eye Toy suddenly is 'innovative!!!' and 'amazing!!!'.

There really is nothing else to hype for the Xbox 360. I guess when you have only one thing to hype you hype it like your life depended on it.