[quote]The Xbone S has 4k capabilities. That's it.[/quote]
And it's 40% smaller with an internal power supply, has an IR blaster (so you don't need the kinect to power the TV, making it even smaller), and has a bigger HDD. Those are my reasons for wanting it over my Xbox One, not the 4k. I'll just wait for the Scorpio to come out to upgrade.
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I got an Xbone Halo Edition with Halo 5, all the dlc and an extra controller for $300 brand new. My budget was $400. That leaves $100 for more games. The 2TB XBone S is $400. I feel good about my purchase. :)