Obviously, they don't have final hardware yet, but AnandTech (anandtech.com) got some hands on time with the 360, and it's the most I've seen of the system yet. It looks like a very well designed piece of hardware.
And they show some of the XBLive functionality, including the streaming of media from your PC (and Mac, if the rumors I hear are true). Good stuff.
"It's the four pillars of the male heterosexual psyche. We like naked women, stockings, lesbians, and Sean Connery best as James Bond because that is what being a [man] is." -Jack Davenport, Coupling
The PS3 was originally slated for spring, but I wasn't surprised in the least to hear it get pushed back. But it isn't like Sony's about to hurt financially over this, thanks to the dynamic lineup from Square Enix.