To be fair. Ms seems to be aiming at Indy to AA new games aside from the big 3 and maybe hellblade but who knows when that's coming. I see no issue if thats the case.
By big three I think you mean Halo, Gears and Forza?
I don't know what the scale of Hellblade 2 is but it will certainly have AAA visuals.
Outer Worlds is a AAA game, I would expect more of that from Obsidian down the road.
There is evidence a Playground Games open world RPG is happening.
I suspect MS bought numerous studios hoping to make bigger projects with them, but we will wait and see.
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