Yes and No.
Yes there are too many in a given year, and it seems like every game that's potentially AAA is getting bundled into PS4 or XBO, with MS seeing to be trying to scoop up everything they can, while PS is nabbing what are pretty much going to be the best sellers of the year.
But if you look at what MS has been doing, there is a point at least once a year where MS has a buy a XBO get any game free during the fall (September - November, usually), and that's when they try to clear stock these bundles, then the remaining SKUs are discounted during Black Friday.
So if it's bringing them sales, and helping with promotions, then No there isn't a problem. But there are a lot of them, and it would help if there was more incentive suck as a themed controller / console, or DLC voucher into the bundles that are priced at normal retail value.
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