Loaning or renting games wont be available at launch, but we are exploring the possibilities with our partners.
Being a little optimistic here but they did say they were looking into loaning and renting games, so that stuff could become available later, right?
I can't imagine Microsoft alienating companies like GameFly and Redbox for long.
This is how I would have done it if I were in charge. Go the UltraVoilet route.
Playing games:
Using disc to play games: No restrictions whatsoever. Just pop in and play.
Install disc-based game to the harddrive (requires an active internet connection. A digital copy is then registered to the account that installed it.)
Keep disc inserted:
Game plays off the harddrive, uses disc for authentication. Can play offline anytime, if the game supports it (You wouldn't be able to play Destiny, for example).
Remove disc:
Play your digital copy anywhere. Requires periodic online check-in, say 72 hours (24 hours is way too short). You'd need to be online anyway to download your digital copy.
Purchase digital copy from the marketplace:
Can play on your home machine anytime, Playing the game elsewhere requires periodic check-in.
To me, that makes the most sense.
For trade-ins, I'd make it so whenever a new profile installs the game, it reassigns the license. That way lending is still possible.
If Sony is doing something with preowned games, I hope they do this. Microsoft's current plan is over complicated.
I'm still getting an Xbox One, but this DRM stuff makes me worried about the future. I could not care less about used games, but I'm horrified at the thought of being locked out of my own library of games.