Here are some of the features of Xbox one as well as the specs and release dates.
One of the controversies is about the disc-based games, especially pre-owned games. Ok, so Microsoft said that they will not take fees from gamers for buying pre-owned games but those who are planning to sell their games, they can only sell those to a participating retailers. There is still no announcement from Microsoft regarding the selling and buying price of pre-owned games.
In addition to that, you can give your games to a friend of yours given that he/she is already your friend for 30 days but it is not clear whether that person can sell the game or not.
For all of these to be implemented, Xbox One requires a regular internet connection as they need to check your games every 24 hours.
Your friends can play your Xbox One games as long as they play it on your console. You can also play your Xbox One games in any console using your Xbox Live account (this is only for digital copies).
So enough of that, let us now go to the specs.
Price - $499.99
Optical Drive - Blu-ray/DVD
Game DVR - Yes
RAM - 8GB DDR3
CPU - 8 Core Microsoft custom CPU
Storage - 500 GB Hard Drive (non-removeable)
External Storage - Yes, USB
Cloud Storage - Yes
Mandatory Game Installs - Yes
Required Internet Connection - Yes
Cross Game Chat - Yes
Motion Control - Kinect 2
Second Screen - SmartGlass (not included)
Voice Commands - Yes
Live Streaming - Yes
Reputation Preservation - Achievements will be ported
Web Connection - Gigabit Ethernet, IEEE 802.11 b/g/n WiFi
A/V Hookups - HDMI input and output (4K support), Optical output
Region Locked - Yes
The release date for the Xbox One will be this November 2013
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