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If MS was smart they'd skip the mid-gen update and wait a year and release the XB2. Sure, the PS5 would probably be out the following year and outdo it in specs, but it won't be as much as the PS5 will outdo the Scorpio.

I still think the PS5 would crush them in sales with a XB2, since Sony isn't going to repeat the mistakes of the PS3 anytime soon, but at least MS would have some time advantage to work with. As it is, it seems they are resting all hope on a more powerful mid-gen upgrade that's coming a year too late and is going to be $100 more than the successful Pro once it gets its price cut. Hell, it might be $150 more expensive is it's $449 and Sony goes aggressive in Sept and cuts the price to $299.