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Whatever the X1X is doing for Microsoft right now, it is very time sensitive. Once the PS5 comes out, Microsoft will be back to square one again having lost their only edge, unless they come up with something more to offer in the meantime. They really have about a year or two to do their thing.
A large crowd jumped on the Sony train this gen and now they have their friends and other perks in that ecosystem. Would they be willing to jump ship and shuffle their networks again for a temporary power advantage, knowing that the PS5 is already in the horizon? I think not, for the most part.
We'll have to see how this plays out.