I doubt it'll have always online DRM. I'm sure they're aware of the severe backlash it keeps getting and an entire console having just that is beyond insane. It will likely just have a "Have to be online to register your game to your console" mechanic in order to fight used games.
All of these rumors are goddamn horrifying, which is probably the point. People are going to be pleasantly surprised when only half of these rumors are true and will have a "could be worse" attitude. It'll make it way easier for MS to get away with the shit they eventually do want to use.
The press could just be confusing it with these low power modes? It'll be "always on",but not have the drm thing. The only way I see this is if they're angling to be the console version of steam. And if that's your aim, you gotta start somewhere. You'll lose some folks, but you likely lock in the folks you do have. Everyone claims everyone is chasing apple. They may be trying to be the apple of consoles. Maybe windows 8 across everything is their attempt at it.