Kind of interesting, if you browse the #xboxreveal hashtag, it seems mostly negative. Not sure if these are just PS4 fanboys or what. Maybe just the younger audience?
As a dad who has my current 360 as a part of my main entertainment/TV/movie/gaming room, the reveal was awesome. I'm not concerned about the games/gameplay, we'll get more on that later.
I think it's largely because most of the people who will watch the release of a new game system are pretty hard core gamers, and this introduction wasn't focused on games. Yeah, there was some really cool home entertainment features in there, but some crappy EA demo, a quick demo for a game no one is sure about, and then a COD trailer.
I didn't see it, but from what I heard the PS4 intro was games, games, games, and more games. So I think the people watching wanted to see a lot of that, and i'm also getting that feeling from the IGN commentary. They are games people, and most of what they got was wait for E3 it will be great. But you can watch TV!!!