Well, I am with those who think the redesign is ugly. I don't like the angular look. I like the current 360. Size really isn't bad to me, I don't think everything has to be compact. Also, the clean lines and smoothness of the current Xbox 360 fits in the menus and experience of the overall 360 experience once you turn it on. However, again, like others said, that wouldn't be enough to keep me from buying it. I think too, a flat black would look better than glossy. I'm not a fan of shiny stuff. Anyway, that's just being picky. The added options sound like a better deal, mostly the wifi. However, I have a 120gb Elite that works fine, so I really have no reason to get the new one unless this one breaks.
As far as the Kinect... well... idk. I hate the name, that's for sure. I think the Natal was a cooler name. Kinect sounds corny. The demo game was pretty lame too. I was assuming that they could come up with a much cooler looking game than a river raft. Either way, from what I saw on Good Morning America, it responded really well to her jumping and leaning. I also thought it was interesting that when she would turn around to talk to the camera that her character would also turn to the side, and move its arms similarly. I think it looks like a fun thing, but I will never give up the controller. Ideally, I would mix them all together and play both. I would buy the Kinect, but not at launch unless something REALLY good came with it, or there was a super package. Eventually, there will be an Xbox w/ Kinect package