I bought an XBox yesterday. I already hate it.
You need a gold membership to use Netflix. You get a code for a free month of gold access and when you try and redeem it, you get a code for a billing error. The disc drive is ridiculously loud (my old Xbox, which is at least 8 years old, makes as much noise as this thing). It takes an hour to set the stupid thing up.
I'm returning it. It is a pain in the ass, it is loud and I hate the Xbox network. I don't online game, I don't need a gold membership just to access a network to watch movies, but Microsoft feels I do. $60 a year for that when I could just get a PS3 for $50 more at a one time fee and be done with it.
I'll keep my old Xbox to play games when I might feel like it, my DVD player to watch movies when I want and I'm buying an Apple TV. Fuck these game consoles (for now...I'll get a PS3 later, when I actually feel the need).