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After watching the Microsoft E3 presentation (which was impressive) I came away thinking why bother with an XBox when you can just use a PC? If XBox exclusive IPs like Halo etc are on PC Windows 10 I can see the XBox brand dying in the arse. Now admittedly PCs are more expensive but if they're going to make cross platform online gaming standard between XBone and PC surely their user base will just migrate to PC.
With the runaway success of PS4 I think it's a good move. Is there really room for 3 consoles in todays market? With Nintendo doing things very differently and poised to release a great hybrid console, Microsoft moving towards PC gaming and Sony with a huge success of a home console I think the gaming industry will be very healthy indeed....