Thanks to the gaming community both consoles are just technical upgrades in every single way (Including the Kinect and Move and controllers) and a couple of new features:
1. Play your friends game if he gets stuck
2. Live stream
3. DVR (Xbox has editor)
4. Xbox has TV features
5. Cloud computing
The family sharing and digital license selling was what separated the Xbox and the "Limitations" were not limitations at all
We can't innovate if people refuse to change, considering the age group of many gamers you would think we would be happy for technology to move forwards with phones and tablets having these features.
It's a shame really I was looking forward to the xbox, im still getting it but the worth of it seems to have vanished. I waited almost 10 years for a new gen console and we should expect more from them then just better graphics . To just end up with two consoles with almost the same features as last gen with better graphics is basically having a PS 3.5 AND 360.5.
Just a couple things I'd like to address:
1) The whole "family sharing" plan was not all it was hyped up to me. Turns out those in your "family" would only be playing something similar to a demo version of the game, for a maximum of about 1 hour. Believe me, we're not missing out on much.
2) It's too early to move into an always online world. This works for PC, mobile, etc; but not consoles. A console should be designed to play offline from the start - end of story. I understand they envisioned a system similar to Steam, but PC and console gaming work so differently, and this would not be the hybrid device between the two. People buy consoles for their convenience. Forcing them to always be connected and limit sharing are not going to appeal to an audience that favors convenience.
3) Are they keeping mandatory game installs? Because that's a terrible idea. 500GB is not enough storage to hold games up to 50 gigs. It's convenient to be able to change games without the need of a disc, but since you cannot remove the hard drive (in a convenient manner), this just doesn't seem ideal.
4) Please don't buy into this cloud computing bullshit. Numerous sources from trusted tech websites called bullshit on their stated 300K server base, not to mention their statements of the XB1 becoming "10 times more powerful with the cloud". Your hardware is not changing. Unless you are streaming the content, which we are not ready for with the current internet speeds in the U.S, all this talk of increasing the power in a non upgradeable machine "through the power of the cloud" was just their way of saying "our hardware is inferior to Sony's". Don't expect multiplats to look very different, but Sony exclusives will demonstrate the difference between the power of both consoles.
Just as a side note, my numbering does not correlate with your 5 features listed in your post. Also, everything you say that you want has been available on the PC for years now. If you really want to experience that without having to wait another 10 years, save up some money and build a PC. It's worth it, and the Steam sales make up for the initial cost.