Next Xbox to feature game-play recording and DVR capabilites

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As we know Kotaku recently dug up a patent that indicates that the next Xbox might have DVR as well as gameplay recording capabilities.

We've been hearing about the Xbox 360 being a set top box for MANY years now but gameplay recording has been much more obscure. I do remember a few years back reading an interview in which a Bungie employee let it slip that Bungie felt it didn't want to spend too much time and resources improving the Halo record/share capability since MS was working on an universal method (frustratingly I can't find this interview at all).

How do you guys feel about these features, specifically gameplay recording and quite possibly vastly improved gameplay sharing as a result?

I know I'm hyped.