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The answer is "no," because MS is too smart and well run of an enterprise to simply throw an investment away. They could just as easily focus all of their efforts on the US, where they have ~50% marketshare. Publishers are most certainly aware of this, as well certain games selling almost all of their copies in the US.

The real question is will MS redirect their efforts to Window gaming and steam machines and away from home consoles. If the BoD is no longer willing to entertain sustained losses from the X1 division, they could very well close the department and reassign the assets to the aforementioned.