[quote name='Ruahrc']Yeah but my point is that you're misinterpreting it when you just measure the exhaust temperature. Total system power consumption, fan speed/configuration, and efficiency of the heat transfer from the chip to the cooling fins all plays an impact. So by saying it runs hotter or puts out more heat just by feeling the exhaust, you could likely be wrong and in fact the chip temperature could be cooler and the total heat put into your room could be less as well.
Ruahrc[/QUOTE]
Fair enough. But in any case it still needs to be put in a very well ventilated area as it blows out a ton of hot air. So it needs room to breath, and you don't want it below something else that you have to worry about overheating (i.e. a PS3 on a shelf 2 inches above it etc.).
Mines on the top shelf of my TV stand, with a good 4 inches between it and the thick board of the top of the stand. Has a foot or so of open space on the sides and the back.
Also it still probably would warm up a small room since it blows out so much warm air, which was something the OP mentioned. I don't notice it much as my living room is a decent size, and goes into the foyer and kitchen with only a breakfast bar dividing the rooms. But if it's in a bedroom or small dorm room it would probably warm up the room in summer.
So it may not be as hot, but it still blows out a shit ton of warm air and still makes enough fan noise to be mildly distracting when watching a quiet movie etc., so they didn't totally get rid of two of the larger annoyances of the console. Just improved them a bit.