Sadly, the whip sellers do very little business since they only accept small golden statues as payment.

RFlagg said:

The current XBox allows you to borrow, rent games. You can buy and sell used games without any issues as well. The upcoming XBox One however allows a title to be resold only once through a very specific process that they haven't revealed yet. You can't borrow a friends copy of a game, and I'd presume you can't take your game to their house to play there unless the game is tied to your account not just your XBox One... Either way...

As Jinx noted, this was likely done to appease the publishers. They've been wanting to get rid of the used game industry for some time (an industry I don't get anyhow, you'll give me less than half the used price of a game, then sell it for $5 less than a new copy... why buy used if it is only $5 less?).

The question becomes, as noted before, if the publishers make it worth Microsoft's time and losses due to that policy then it will work out, but if they support Sony just as well, or even after a short delay, then Microsoft gambled wrong. They are going to lose sales over the policy. That, the fact the system needs to connect every 24 hours or it will lock down even single player use until it connects again...

To play games online with XBox Live you need a paid Gold account. You can play games on the PS3 without a PS Plus account, but there are rumors that the PS4 will require a paid PS Plus account to play multiplayer. That will just be leveling the playing field, and if you still don't need a paid account to access Netflix (you need a paid Gold account on XBox to get Netflix or Amazon videos... and I think to access your YouTube account fully) on the PS4 then they'll still have an edge on the multimedia front.

Another of Sony's big upsets was pricing the PS4 $100 under the XBox One price... now I'm going to hazard a guess they had a couple prices ready to roll based on the XBox's price and decided to undercut, it could have been the planed price from the start, but I'd guess they wanted to scare Microsoft. I'm also guessing Microsoft will announce "new cost saving measures" right before the holidays and adjust theirs down, they are already behind the 8 ball with the used and borrowing game limits, I can't see them letting Sony getting a huge boost from price as well... if they reverse course on borrowing/used games they might be able to keep the price up "we've heard the complaints from our users and have decided not to implement that feature at this time" sort of thing, but I'm guessing they are too far into that to reverse that and will just price match.

EDIT: I should note that I'm mostly a PC Gamer, followed by XBox games then PS3... well iOS games are probably after PC Games but before console games... I like XBox better as a gaming platform, but my PS3 has better networking for Netflix and Blu-ray support (XBox One gains Blu-ray support) so it is my multimedia machine of choice. I don't think I'll upgrade either system at this time though...