The console market is expected to shrink or maintain the same volume next generation, so Respawn's shooter and the new CoD will only cannibalize each other.
Furthermore, CoD has always had a close relationship with Microsoft, so it's nothing new. New Halo games are certainly also in the pipeline. There's Battlefield as well, the upcoming Destiny from Bungie and then other FPS series that don't sell as much. Black Tusk's new IP might be a FPS as well. As hungry for FPS games as Xbox's audience is, there won't be a market for all of them. At least not to the sales extent their publishers are anticipating. Since I'm also expecting timed exclusivity on DLC for Microsoft, it seems that too much money is being thrown around to secure IPs that will eat into each other.
This reveal is not as big a deal as people make it out to be, but the brightness of the hype is blinding it seems.
