They have reversed themselves on their restrictive XBox One content policies:

YET ANOTHER UPDATE (5:24 Eastern): Microsoft has confirmed to Kotaku that the “family sharing” and digital cloud library access features that were planned to be in the Xbox One are indeed gone thanks to today’s policy reversal. Xbox one users will also apparently have to download a “Day One” patch to enable the offline mode.

FURTHER UPDATE:

“You can play, share, lend, and resell your games exactly as you do today on Xbox 360.” That is now the official word from Microsoft.

Microsoft says it “imagined a new set of benefits such as easier roaming, family sharing, and new ways to try and buy games,” but that it also realized that “the ability to lend, share, and resell these games at your discretion is of incredible importance to you.”

No Internet connection will be required to play offline Xbox One games; the Internet will only be required for a one-time initial system setup. There will be no limitations on sharing or selling game discs. Downloaded games will be playable offline, and there will be no regional restrictions on those games.

On the downside, there will be no digital “family” sharing as was previously announced, and disc-based games will require the disc to be in the tray to be played.

Not surprising that they are killing “Family Sharing”. It was only in there as an excuse to kill the resale market.

I am a bit surprised that Microsoft came to its senses before it experiences months of disappointing sales.