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I was going to bring up Rare, too. Rare was hot shit when it was was Nintendo and cold shit on a stick when it was with M$. A few people (including me) felt like Rare was on a bit of a decline anyway when Nintendo sold them. A few people (not including me) felt that Bungie was on a bit of a decline when 343 was handed the reigns. I'm sure the parent company has a bit of input in what kind of quality they expect but it's hard to say to what extent.

As for the OP, I'm willing to give M$ a little more credit for Halo if I'm allowed to give them credit for Rare (who actually doesn't suck--they just aren't setting the world on fire anymore).