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Microsoft with a new first party IP? That can happen?

I kid, but you have to admit its very unusual by comparison to Nintendo and Sony... I mean when was the last time MS had a new IP of their own that was of the caliber of Last of Us and Xenoblade Chronicles? Or even of Codename S.T.E.A.M. and... I don't know Sony that well so the one I'm thinking of is slipping my mind.