This is not a new model of the Xbox One. (Nor is it a paper-cutter.)
It's Microsoft's console bedecked with peripherals from Nyko. On the left, a "modular power station" ($29.99 (£18 direct conversion), autumn) that plugs into a USB port on the console and charges your controller batteries. On top, an intercooler ($24.99 (£15 direct conversion), Christmas) to keep the system from running too hot.