Just realized this is a discussion on the name. Whoops! I kinda like the name myself. The rest of my opinions are a bit more harsh.
The design sucks, it just looks like a clunky DVR or cable box. Spec wise, we don't know enough to really judge it, which really suck because today's presentation was [i]supposed[/i] to focus on "hardware". Instead, it was more focused on their firmware and some generic software that doesn't tell us much at all.
Honestly, this presentation was poorly done. They targeted the wrong market group for the people who were watching and really didn't deliver the content that they promised. It's just such a letdown for Microsoft, this could have been a great opportunity for them.