It's a lot like the whole Xbox Subscribe-to-Own Program Thingy... like... sure, it exists, but it's in an awkward niche. Who's it for? Is it mass appealing?
Only has a 1tb drive--my 8tb external is full for my regular Xbox. Isn't an X model, which is the one with the highest price point, and the S regularly comes with sales but doesn't really have amazing performance on multi-platform games. Like... if you're buying an xbox, why buy anything less than a One X? What's the point? The One X is the best home console that currently exists (I'm installing ninja gaiden 2 on it right now, so it must be). Why buy something less?
So you end up with a kind of "who is this console for" question. Maybe Microsoft just wants to test the waters. I dunno. I would gladly buy a next-gen xbox that's digital-only, because honestly, my console's in an annoying place and I'd rather not have to swap out discs to access it.
I don't get the strategy here. Too expensive to be a no-brainer, not the best hardware Microsoft has, not enough internal storage to kick ass. I don't get it.