Xbox One Due Out November for $499
Only five months to go!
Though Microsoft gave us plenty to chew on at its Xbox event last month, the company still had a ton of stuff to talk about at yesterday's E3 press conference. Included in the new information passed along by Microsoft was a release time frame as well as a price for the Xbox One console.
According to Redmond, the Xbox One console will launch in November of this year, which is in line with the company's previous promise of a Holiday 2013 launch and should put it on roughly the same launch schedule as Sony's PlayStation 4 (also set for a Holiday 2013 release). The console will go on sale in 21 markets around the world and each unit sold will include the system, one controller, Kinect and a free 14-day trial for Xbox Live Gold (for new members only). There's also a limited-edition commemorative bundle for those that reserve their units ahead of time. This will guarantee you can get the Xbox One on launch day and will feature "premium" black packaging, a limited edition Xbox One Day One wireless controller, and a commemorative Day One Achievement. There's also bonus content for those that reserve Ryse: Sons of Rome, Forza 5, Kinect Sports Rivals, or Dead Rising 3.
Of course, with Kinect bundled with every unit, things are a bit pricier than the PS4. Microsoft says pricing for the U.S. market will be $499.99 at launch, which is a hundred bucks more than what folks will be paying for a PS4. Even if PS4 shoppers do spring for the PlayStation 4 Eye as an add-on, they'll still end up paying less (it's priced at $59 as a separate purchase).

The PS4 is using the 8GB of GDDR RAM for both system and V-RAM. and the Xbox is doing the same but with DDR3 RAM not GDDR the Xbox also has a small pool of ESRAM i think 32 MB.
The CPUs are clocked the same. and the PS4 GPU is slightly faster.
2) More restrictions ("calling home" every 24 hours, great
3) That was not enough, it's also more expensive
Looks like Microsoft is poised to take "epic.fail" title from Sony... =)
Only if those games were made by Sony:
http://consumerist.com/2013/06/11/as-expected-sony-backtracks-a-bit-on-restriction-free-games-for-ps4/