I wish we had more information on it. One basic question would be: will it play bluray? The biggest question of course is how much this brand new console with the wacky controller will cost. Will the controller be sold with the console? I assume so, but that must mean it'll be pretty expensive, and currently you can get a 360/Kinect bundle for $299. That'll be a challenge for the big N.
They wouldn't really confirm anything in the way of specs, but I personally don't expect BluRay movie playback. Not even sure if it's going to use anything beyond DVDs for storage, though I hope it has something bigger. No price news either, but I din't think they are too worried about competing with the 2005 era consoles, just as Microsoft probably wasn't too worried about the price of the PS2 when the Xbox 360 launched. The new controller also does have some design decisions clearly made to keep the cost down. It's a resistive touchscreen, and only supports one touch point. It's not an HD screen either. No demo had the camera in use, but I'm betting it's similarly low end.