Xbox One's hard drive in non-user replaceable, so although external storage support is touted for the future, post launch.
Streaming, especially streaming video services, have had a massive impact on the entertainment industry, and Microsoft plans on continuing their line of services, plus offering more.
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As for the rumors that claimed the Xbox One would require a constant online connection to run games, Wired says the reality is not as overbearing.
Developers will be able to create games that hook into Microsoft's Azure cloud services and are unable to be played offline, but there is as yet no requirement for them to do so.
Flash memory has a growing share of the market for secondary storage, in the form of solid-state drives (SSDs).
SSDs have higher data-transfer rates, higher areal storage density, better reliability, The primary characteristics of an HDD are its capacity and performance.