It's no secret that the Xbox One modding scene has been pretty scarce when it comes to information regarding exploitation of the console. The PS4 will no longer be the only next-generation console with the possibility of being exploited by end-users.
With the use of a Xbox One Devkit, the process that runs the Xbox One Smart Glass app was acquired from said consoles 'system.xvd'. This may seem unimportant to many of you, but that's where you'd be wrong. It opens many a door for the Xbox One modding scene.
With access to the process that runs the Smart Glass application, those privy to reverse engineering .NET at its utmost will have a new challenge on their hands. By reversing this process, a lot of information can be acquired about the Xbox One's software as well as how Smart Glass communicates with our consoles.
You might be wondering why reversing this process is so important. It's simple. By successfully reversing the Smart Glass process, we will gain access to a mine of information regarding the how exactly the application is able to control different binaries on our console and what types of APIs are used within your console to allow these controls to operate. This information could potentially lead to the manipulation (by injection of modified code after it's reversed) of the Smart Glass application, which could possibly lead to a proof-of-concept exploit on the Xbox One (to show that it's possible via software). However, we are not close to something of that magnitude just yet.
There's not much else that we can say at this point, but we might be lucky enough to see a kickstart in the public side of the Xbox One modding scene.