The Xbox One will stream media from your home network and play audio CDs, Microsoft tells Penny Arcade Report. In that way, the One is much like the Xbox 360. When it comes to MP3 playback, however, it's a little trickier. The Xbox One is a Play To device that supports Redmond's PC and mobile ecosystem, but not much else. This comes just days after Sony released its massive FAQ that said, among other things, that the PlayStation 4 wouldn't do any of the above. If you're looking for a new do-all device for your A/V rack, the Xbox One could be it.

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Xbox One will act as a media server and play audio CDs