I don't think the relaunch will be some big event, but the system is already in a stronger position it was than when it launched. I mean, you might liken it to lipstick on a pig, but the firmware update, (sparse) lineup, and pricecut/basic-culling are something, at least. Enough to stand up to the competition? Probably not. But at least it's actually usable now thanks to OS improvements, and has a couple decent games (MH3U, WW HD, soon Mario, DK, Bayo, and third party ports like Watch Dogs, AssCreed 4, Arkham Origins, etc.) to play.