No, what would happen is what happened with Sega, the Console would not sell, the Developers would not support 10 Versions of the same console, and the  console would die.

People need to understand that Microsoft, already is selling Xbox One, the cheapest possible, making a lot of other versions would cost money, and the Versions would be expensive like Steam Machine, and would have Little to No Support, who would support a User-base that is splited, rather than support the Multiple times bigger Playstation 4's User Base ?.

And the "Total User Base" is not what is important, the Console User Base, is the only thing that matter, if you release 20 Versions of the same Hardware, you can end up having people Purchasing multiple times your Hardware, and this means that you will sell less Software for the previous one, and Microsoft, cannot make Everything Cross-buy, each version would make a Return small for the Third Party companies.

Steam's 200 Millions of users spend over 2 Billions of US$ On Steam, more than 500 Millions on Dota, and Counter Strike.

Playstation's 80-100 Millions of Active buyers, spend over 12-15 Billions of US$ with the Brand, so the Console user base give much more money than Pc's User base.

Microsoft, would only sell first party tittles on PC, would lose Third party sales of Xbox One, and would never be able to compete with Steam, because with just 1 Click, you can change from Windows Store, for Steam, in the same device, the same is not possible on Consoles, and Steam, have better deals, and better pro-gamer policy.

Aaaand it's nothing. If you can get game to work on xbox porting it to windows is already trivial. Vice versa won't happen though unless it's a graphically undemanding indie. Yearly new xbox versions? Yeah lets fragment the xbox userbase and make complete transition to PS4 easier for devs and users.

Honestly seems they don't have any idea in what direction company should develop anymore  and just try everything a bit while in panic. Cloud, always-online, backwards compatibility, touchscreen OS for desktops, windows tablets, desktop apps for gaming console.

only if they want to play it at "very high" or "optimal" settings

as PCs are forward compatible older Xbox PCs will still be able to play the newest games for a decade or longer, but with reduced quality/resolution/framerate

on the other hands MS gets to cash in from people who always want to play the games at their best settings/ have the newest box (like people who always want the newest smartphone version)

If Playstation 4, the best selling console, and Steam, the biggest digital store on PC, begin to Push Vulkan, so DirectX, will have no chance agaist it, if Android, also supported more the Volkan, so there would be no reason for using DirectX 12.

Vulkan supports more than Steam and PS4, it supports Mac, Linux, Steam OS (variant of Linux), Windows 7-10, that along with being backed directly by Steam as well as AMD/Nvidia will have Vulkan coming out on top sooner or later.

Microsoft has been making smart moves lately, I like that.

This would only work if games have graphics settings so they can also be played on older non-upgraded versions of the console, you know for those games not willing to fork out a few hundred quid every 2 years to 'keep up' with PC gaming.

Consoles are meant to be the alternative to upgrading PCs after all.

That's some solid karate right there. Boards were smashed.

Oh my bad, I forgot that internet forums are the place where I have to flood a few thousand posts before other weirdos will start taking you seriously, thanks for reminding. Less and less reasons to visit these places each year, start to forget things.

Pointless, just buy a PC.