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I don't see how a third party IP becoming multiplatform would be such a huge shock. Epic need Microsoft more than they need Gears. I'm pretty sure Epic make most of their cash from licensing the Unreal engine, they used the 360 to push their engine last gen. It maybe they think they don't need the support of Microsoft to get their game in the headlights but then I think they'll find the Gears IP going the same way Quake did if they do switch and their engine along with it.

Either way I think most Microsoft fans wouldn't care unless it went exclusive to PS4, that's the only thing capable of causing a meltdown with the Gears IP.