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Play your third party purchases on PC?

Do you think MS will release an upgrade able new box with noticeably better hardware than the ps4 at a more affordable price any time soon?

How will 3rd party devs handle it. Currently 3rd party devs optimize their games for each console and provide a more generic (ie more power hungry) version (often later) that runs on all kinds of pc hardware. Will they make a special optimized build for each xbox one configuration, or will it be like pc with extra overhead for all the different hardware.

Why is MS going the Steam box route? Is it a runaway success I have missed somehow?