I really don't think it looks that bad, with windows 8 and all that shabang, Microsoft are going for the simple blocky feel.
I wouldn't say its a crime against the retinas, but I would still buy it and love it and bathe it and hold it. I personally think the white xbox 360 looks like a failed Norfolk jamboree, but i still bought one from the start and im still playing on the same heaping pile of crap quite successfully.
The features could be a bit better, yes. But it still covers more than everything i require to play a game, so i'm a happy little coconut. Im still probably going to get an xbox over a PS3, because i like the xbox community more, so im not that easily Patrick swayzed by beefier parts. Unless the PS3 can download food, im probably going xbox.