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S.T.A.G.E. said:

Insomniac will do as they please. Sony is not microsoft, which means they will have creative control over their projects and most likely have options to work on passion projects. Of course, this this depends on the return they give Sony.

The biggest problem I see with the logic of Xbox and how they view Microsoft’s value for ips, it’s horribly wrong and has either left them dependent or stagnant. Microsoft needs to be courting devs they can make NEW games with. They need to feel comfortable with microsoft letting them be in control of their projects. 

Mr Puggsly said:

I don't think the purchase is as valuable to MS given Sony owns their best work.

Insomniac is probably gonna be the Spiderman studio for now, maybe with some other projects on the side. MS wouldn't be able to make Spiderman games simply by owning Insomniac.

Agreed one of MS's main issues IMO is if you make a good selling game for them they don't seem to want to let that studio do anything else but keep pumping out sequels till the end of time. Gears of War to me was a great series but MS just kept pumping them out with no end in sight. After 3 games I thought that was good and they should have put it to rest for a long time after that but they just keep going.