Depends on exactly what you are doing with the system. For purely local compute functions closer to 10x + Cloud.
Phil Spencer of Microsoft on the power of the Xbox One compared to the Xbox 360 (via twitter)
Any modern product these days you look at it and$499 isn’t a ridiculous price point. We’re delivering thousands of dollars of value to people, so I think they’re going to love it when they use it.
Don Mattrick of Microsoft on the Xbox One (via Bloomberg TV)
The graphics are different, obviously, platform to platform, but in a connected world, the game of Destiny is going to be awesome on all of them.
Harold Ryan of Bungie (via NowGamer)

Could Hideo Kojima be deceiving us all with Metal Gear Solid V: The Phantom Pain? These guys think so. Check out this potentially mind boggling analysis…

CD Projekt Red Establish New Studio

CD Projekt Red, the folks behind the Witcher series, are set to open a second studio in Krakow, Poland.

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A new map pack for Gears of War Judgement has been announced, including 4 new maps. The maps are pictured above and will be released in June under the title of the Lost Relics pack. There will also be new armour and weapon skins, as well as a new single-objective mode.

It keeps them focused. They have to outdo each other.
Peter Moore of EA talking about the positives of the Microsoft/Sony rivalry. (via Polygon)
Xbox One and Xbox Live will support our ambitions to create an ongoing two-way dialogue with our community. It will also allow us to have quicker production cycles.
Ted Price of Insomniac Games on why Sunset Overdrive is an Xbox One exclusive. (via IG)
Mirror’s Edge, a cult, classic great fan reaction at the show. We’re bringing Faith back in this open-world action adventure game.
Frank Gibeau of EA (via CVG)

Microsoft’s E3 in 4 hilarious minutes