: Simply because the console now captures game footage.

: Nevermind about the use of a free flying camera etc, the Xbox Ones video
: capture and twitch steaming will be seen as a perfect excuse not to
: reinstate theatre mode.

This is a great fear I have too.

DVR-like abilities have the potential to further democratize game videos in a similar way (but much more pervasive) that Bungie Pro Rendering did. But this is just the conversion stage from a game to video. Having proper control over the camera multiplies the usefulness of these features many times.

I get the bad feeling that the 'auto-edit' feature that Killer-instinct demonstrated is going to get the reputation for low-quality, low-skill, ego-trip, jock-y, cookie-cutter vids very quickly.

But if you give people proper creative freedom, the ceiling is much higher.