Funny... Microsoft actually made fun of themselves about that in the final episode of their 20th anniversary documentary on YouTube. They have a montage in there where the execs say "television" over and over and even have a little "Price Is Right" footage
It turned out to be a decent console after the ditched the Kinect and dropped the price $100. That's when I got mine, anyway.
Honestly, I think that real advantage of the XBox right now will be Game Pass and XCloud. It's basically an all you can eat buffet of console gaming titles. With new titles costing up to $70 plus DLC, it's a comparative bargain.