Will allow users to control their Xbox 360 remotely. Will be available cross platform on multiple operating systems including Windows, Windows Phone, Android and iOS.
Applications will be accessible through the tablet. Such as Youtube/Netflix/Vemo ect.
Live streaming ability through the tablet to the TV, desktop, lap top and other devices.
Microsoft have tried to steer away from other OS's, so more Xbox control and also available on rival OS's is potentially big news, but could make Xbox's more desirable than other console platforms.