[citation][nom]killerclick[/nom]I don't get Minecraft at all. There's no weapons, no loot, no story, and graphics are crap.[/citation]
You craft your own weapons, pratically every single block the world is made of is your loot, and your imagination is the only limitation to the story. Have you actually played the game, or are you simply not the creative type of person? I'd say shut it if you haven't, but I'd respect your opinion of you're simply not into creating your own content.
As for the graphics, the PC version has texture packs which literally can increase the resolution of textures up to 32 times (16X16 to 512X512), add better shaders, bump mapping, etc. These things would completely fry xbox 360 hardware, though.
That's a real downside on this release. Only the most basic graphics and no modding at all.