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" ($US29.99, arriving late 2014) that plugs into a USB port on the console and charges your controller batteries. On top, an intercooler ($US24.99, arriving Christmas 2014) to keep the system from running too hot.