Xbox is more than a console now, it's a service. MS doesn't need you to buy their system to support them. Some might buy Xbox Gamepass for PC, use project Xcloud on their phone, or use traditional Xbox hardware to play games. It really doesn't matter to them because you are still supporting Xbox as a service. People who enjoy the Xbox console experience will continue to buy consoles. They are not stepping out of the console race, they are simply giving more options on how to play their games.
As a business decision I understand that fully. This is likely to be the avenue most lucrative for them.
What I am saying though is to the consumers, the necessity of having an Xbox One or getting their Next Gen console is essentially dead, and you are likely better off Doubling down on Nintendo and/or Sony who have unique exclusive experiences with the bonus of getting Game Pass via other devices(PC, Phone, maybe even Switch and larger stretch .....PS5).
Gamepass was showing tremendous value during their show.....at the expense of ever wanting to buy their console or even just native versions of their games. It is strangely circular.
PSN:Forevercloud (looking for Soul Sacrifice Partners!!!)