Her is Phil's clusterfuck PR during his interview with Polygon a few months back at the Windows 10 event:
""When you look at the console space, I believe we will see more hardware innovation in the console space than we've ever seen. You'll actually see us come out with new hardware capability during a generation allowing the same games to run backward and forward compatible because we have a Universal Windows Application running on top of the Universal Windows Platform that allows us to focus more and more on hardware innovation without invalidating the games that run on that platform.""
- This describes the Neo perfectly
But then he goes on to say:
"We can effectively feel a little bit more like we see on PC, where I can still go back and run my old Doom and Quake games that I used to play years ago but I can still see the best 4K games come out and my library is always with me. Hardware innovation continues while the software innovation is able to take advantage and I don't have to jump a generation and lose everything that I played on before."
-Although it is fucking impossible to know what the hell he is talking about. "
Of course, all of this was before he said no to the idea.
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