It's weird but, the only thing that really bothers me is the connecting every 24 hours. Anyone who has ever been subject to a large hurricane that results in extended internet outages, this basically makes it useless. When this happened to me, the only thing that kept me sane was video games. It took a week to get power back, then an additional week to get internet. Obviously, no one is playing a home console in the power outage condition. It's weird but, it's not the times that it's available and ready for me that actually concerns me. It's the times that this device would be most helpful and it won't be that bothers me. That is my irrational fear for this phone home bullshit.
I look at it this way. I am a PC gamer, and I own a stupid amount of games on Steam. Steam offline mode works for like a month at a time. What is the phone home every 24 hours about, really. If they were offering such amazing online features and cloud abilities (they advertise shit and make it sound like caviar, it's pretty much amazing that anyone would buy it), there would be no reason for someone to stay offline for an extended period of time. Besides, what'll happen is it will come out, some hacker will crack the thing, prevent online activation, and it will all be for nothing anyway. It'll be another form of DRM that only adversely affects honest customers and pirates won't have any problem with it. The shitty part is they are selling DRM and calling it a feature.
Also, that whole BS bit about creating worlds that continue after you are not playing... games running server side have been happening for quite a while now, they shouldn't act like that is a new feature that will change the worlds we game in. I swear, all the double talk and snake oil they are selling makes me angry.