Xbox One: Backwards Compatible??!?!?

SO..... a lot of people have been reporting that the X-Box One will be getting a backwards compatibility release (looking at YOU GameSpot), allowing you to play your old 360 games on your NEW SHINY ONE!!!! but really... did anyone one bother to read what Frank Savage said before writing their articles? What it all boils down to is Microsoft is still looking into whether or not it is possible to make 360 games playable on the X-Box One. The problem is the hardware differences, the two systems speak different languages and have different hardware implementations. For all my non-programmers out there, imagine that the 360 speaks English and the One speaks Chinese, obviously they have difficulty understanding each other. The instructions and commands written for 360 games don't translate directly into code that the One can execute. The options (realistically) are either an optional software application that can read 360 games, then convert and run them on the One (like a bilingual translator) or a re-release of specific games to the online Xbox marketplace where you could download specific titles, or access them all for a monthly fee (like Sony will be doing with the PS4). The fact that the company who adamantly stated 'The One will not play 360 games' is looking at backwards compatibility is undoubtedly in response to the PS4's emulation rumors and 'Playstation Now' library. The important thing is: Mr. Savage does NOT confirm that the One will be getting backwards compatibility; call me a cynic, but until Microsoft officially announces that the One will be backwards compatible I won't be too excited. Which version would you rather see, a library of online games or the ability to play old games straight from the disk? Would Microsoft release this for free, or would it be an additional fee(either one time or monthly)? How much would you pay to play 360 games on the One? Let me know in the comments!