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shikamaru317 said:

I think that even if they do fully integrate Xbox and Windows 10 gaming into a single platform, they'll keep Xbox around as a sort of Steambox competitor, a living room friendly gaming PC. So even if Xbox One is the last traditonal Xbox console, I think it'll live on in some form or another.

This pretty much is exactly what I'm thinking too. 

Xbox will stay around, but it would basically become a steambox of sorta. Think Xbox made by every and any PC OEM in the very same way they make windows PCs and laptops right now. Different specs different price points. You have windows 10/11, you have an "Xbox".