Xbox 360:
Burn games to your hard drive (though the disc will be required to be in the tray). The system's fans won't have to turn on as games will run off the hard drive so the system will be A LOT quieter and A LOT cooler. And to top that off 30% faster load times.
Netflix and Microsoft have partnered up. Now with any Netflix subscription (the cheapest IIRC is $8.99 a month) you can have unlimited Netflix streamed directly to your Xbox 360 as long as you are a gold member. So for $8.99 you can rent thousands of movies and TV shows and not even have to leave the comfort of your home. This is one of the main factors I am selling my PS3. This will be included in the fall update.
People right now are complaining about Netflix's streaming selection for movies and TV shows but with Netflix's official migration to the Xbox 360 platform you don't think Microsoft is going to push (give money) Netflix to get the latest and greatest out on its service when the fall update reaches?
Fable 2 actually looks really

ing good. The co-op looks to be very well implemented as you can drop directly in and out of your friends single player campaign and go around with them, and they can do the same for you. Besides co-op at the conference the game looked meh but the walk throughs that are swirling around (check gametrailers.com) make the combat out to look very fun. And the game has colors!
Resident Evil 5 looks freaking hawt. The game looks decently polished at this point, we know the gameplay is rock solid, the graphics look amazing, and co-op over Live and hopefully locally (that would be a travesty if they left out local co-op, see Crackdown) looks like the icing on the cake.
We saw footage of Fallout 3 that looked good but kind of underwhelming as it was demo'd as a straight shooter, it isn't a just a shooter. Still could very easily end up winning Game of the Year and it was announced that the Xbox 360 and PC get exclusive content.
The Gears of War 2 demo looked amazing too. The single player mission Cliff Blezinksi

)) showed off looked really, really, really good. Brumak riding is confirmed as well as a new co-op gametype called Horde where up to 5 players can take on 50 waves of increasingly difficult locusts at a time. Bots are also confirmed for multiplayer.
Banjo Kazooie: Nuts & Bolts looks really good.

the haters that whine about vehicles, this game will be solid. Also Banjo Kazooie, the original game from N64 was confirmed for XBLA. As well it was confirmed the XBLA game will have unlockables that will garner you things in Nuts & Bolts.
Portal: Still Alive was confirmed for XBLA. It appears this will be the retail release of Portal from the Orange Box with more missions. Good stuff.
The new dashboard looks good to me. Everyone is crying "OMGZ APPLE COVER FL0W + MIIz= SH!TTY D@ASHBOARD!!!11!". I think it looks like a welcome upgrade, I have had an Xbox 360 since December 2005 and this looks good. Everyone is complaining about avatars too, I like 'em. Sue me.
Rock Band 2 looked really good too. The game will ship with 84 songs, 20 songs will be free downloadable, all RB1 downloaded songs can transfer to RB2, and nearly the entire RB1 setlist will be transferable to RB2 for under $5.
With the fall update you can also download ANYTHING off the Marketplace from your computer. 8 player chat for the fall too.
Continual party system. If 3 of my buddies on XBL and I are playing Ninja Turtles and we decide we want to play Carcassone the host can bring us all right to Carcassone with no one having to go to the dashboard.
Support for 16x10 monitors. Most widescreen PC monitors these days are 16x10 (1680x1050 or 1440x900 resolutions) and lots of 360 gamers hook up their 360 to their PC monitor to play in Hi-def if they can't afford to buy a big fancy television.
Lips, a direct competitior to Singstar. Wireless mics, you can hook up your iPod/Zune and the game will create a singable song for you. I can imagine Rick Roll'd Youtube'd Lips videos now. From the guy who brought us Elite Beat Agents.
Did I get it all? :lol: