Straight from Microsoft themselves, a few important clarifications on how the Xbox One will handle things like used games and requiring an online connection (bold emphasis ours):

“With Xbox One you can game offline for up to 24 hours on your primary console, or one hour if you are logged on to a separate console accessing your library. Offline gaming is not possible after these prescribed times until you re-establish a connection, but you can still watch live TV and enjoy Blu-ray and DVD movies.”

As for used games / trading games with friends, things aren’t horrible but a few caveats seem problematic. The first is, you’ll only be able to trade games if publishers allow it:

“We designed Xbox One so game publishers can enable you to trade in your games at participating retailers. Microsoft does not charge a platform fee to retailers, publishers, or consumers for enabling transfer of these games.”

And as for lending games to friends, they allow it, but with a bunch of restrictions and requirements:

“Xbox One is designed so game publishers can enable you to give your disc-based games to your friends. There are no fees charged as part of these transfers. There are two requirements: you can only give them to people who have been on your friends list for at least 30 days and each game can only be given once.

If you’re a family, or multi-gamer household, at least Microsoft doesn’t force everyone to buy their own copy of a game if you all game on the same system:

“Xbox One lets up to ten family members log in and play a shared library of games on the console, so specific family members won’t need their own game license.”

Does any of this matter to you, or change your opinion on Microsoft’s next console?