So what's it got? 3 3.0Ghz PowerPC CPUs, next gen ATI chip set, 256Mb memory, optional hard drive, standard DVD drive (no proprietary or too expensive disc format - yay!), memory cards 64Mb - 1Gb and a USB camera.
The only bit really new there is the camera. EyeToy or video chat using Live anyone?
According to the second page:
Developers are being instructed to plan their games for high-definition. The baseline is 720p at 1280x720 for gameplay and video clips, 16:9 aspect ratio, 5.1 Surround Sound, and anti-aliasing. These features are the current minimum requirement.
It looks like we'll need that HDTV after all.
Part two of the article is yet to be released but it will reveal why ALL Xbox 2 games will be Live enabled.