My console would have:
-A Removable HDD (1st party and 3rd party alternatives, like the PS3).
-A Web Browser (a good one! I.E Wii).
-Marketplace (I.E Xbox 360/PS3).
-An Online service (Paid and free).
-IPTV (included in the price of the paid online service).
-Online Movie and TV Show rental/purchase (music too, I.E iTunes).
-Controller (no motion sensing or if motion sensing is wanted make it an option).
-I don't care about the Hi-Def Formats, but it does have to at least play DVDs (then maybe HD-DVD or Blu Ray).
-Some sort of Online Arcade (for coin-ops and newer arcade games).
-I don't really care about this, but a majority of people do. Have a built in WiFi connection (I.E PS3).
-Also, have an Ethernet port (for wired networks).
-For all the Hi-Def buffs, VGA component and HDMI cable.
-Must also have a standard component cable for Low-Def users (like myself).
-I don't know what format the games should be on (DVD9, HD-DVD or Blu Ray).
-Most Importantly, it would have great 1st party and 3rd party games!
This is what I would have, if I was the head of a console company. What do you think? Did I miss something? Did I misspell something? Tell me.
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