Looks like you have to pay a fee for used games. And of course this also means you can't borrow a game from a mate. Terrible decision. And with a 500GB hard drive you're going to run out of space pretty soon once games start taking up 25GB-50GB of space on discs.
What a daft decision.

My initial reaction was that 500gb was too small, too - but if you consider you don't need to keep the game installed on the hard drive if you're not playing it, then I guess 500gb should be fine. Install your game, play it for a few weeks, and a year later when you see you've not played it in 11 months and are unlikely to play it again soon uninstall it but keep the save files. You can reinstall later if you want to. Same as the current consoles, and PCs.
I've no idea if part of that 500gb is reserved for system and/or for PVR, mind. It could well be that you've only got 200gb for games - and then you might hit problems.
Looks like I'll only be a 2 console guy this gen.
I go to work all week and I'll be a 1 console guy this gen. You sit at home all day and aren't sure whether you'll have two or three consoles?
Bless. I can see why you're depressed...
There is certainly a lot of nerd-rage about at the moment - no denying that... thankfully I have my own opinion about what I want and expect from a games console and theres not enough concrete information on both systems to make an informed decision - anyone making a decision at this stage is just an idiot.
True that.
I currently have no idea which way I'll go next gen. I'll have a better idea come Christmas, when we know a lot more about price, performance, and dozens of other things we still don't know about. But even then I probably won't be certain which way I'll go and will likely wait quite a while before I buy either. I want the console that best suits my requirements of course, but I also like to see which way the wind's blowing. If, after six months, one of the machines is massively outselling the other, or one is having horrendous problems with one aspect or another then that's a factor I'll consider before taking the plunge.