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I think Microsoft is looking for a way to bow out gracefully from the console space. Mostly what they would like to do at this point is

1) Leave console gaming while somehow saving face.
2) Transition as many XBox1 customers to the PC as possible.

Their bread and butter business is PC software anyway. Not PC gaming, but PC software like Windows and MS office. Any excuse they can get to keep people using PC is good to them. Either XBox1X is their last iteration or we will maybe get 1 more hardware iteration and then they will transition fully back to the PC space and out of console gaming.