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It seems their long-term plans are for Xbox to be a gaming service platform, no matter where you play. I do think this upcoming Xbox will be the last, mid-gen refreshes won't change that.
This doesn't affect me as I don't have an Xbox One, and I have no intention of getting Xbox Series X.



Lifetime Sales Predictions 

Switch: 156 million (was 73, then 96, then 113 million, then 125 million, then 144 million, then 151 million)

PS5: 115 million (was 105 million) Xbox Series S/X: 48 million (was 60 million, then 67 million, then 57 million)

PS4: 120 mil (was 100 then 130 million, then 122 million) Xbox One: 51 mil (was 50 then 55 mil)

3DS: 75.5 mil (was 73, then 77 million)

"Let go your earthly tether, enter the void, empty and become wind." - Guru Laghima