One word: fail.
I spent 28 minutes of presentation listening to idiots prattle about live TV and Skype. Do not care. Don't have or want cable TV.
Well, keep in mind that everything they showed with cable TV will likely work just the same with Video on Demand, Netflix, Hulu, HBO-Go, or whatever other non-cable subscription services you might have. In fact, a better way to look at it is that they're extending all the goodness they've already started with those services to your cable TV subscription, not the other way around.
And we can all have our personal preferences (and I'm with you not caring about cable TV), but the clear fact is that most people *are* spending more time on their 360s and PS3s watching Netflix and the like than they are playing games. Maybe not you, maybe not me, but the mass market is.
If the broader appeal (and hopefully a lower price-point) of the XBox One gives them a significant lead out of the gate (Say Microsoft moves 2x the units this Holiday season as Sony does, or has a 500k-1m lead by end of next year), it won't much matter the technical differences between the two. Sony's exclusives will use the extra hardware on their box, but cross-platform titles will look nearly identical and utilize the extra power for little more than eye-candy. Only if Sony can manage to beat Microsoft off the starting line will their extra hardware gain them advantage in cross-platform games.
However, like you I am concerned with the lack of concentration on games so far, from both parties.