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Kristof81 said:

So it's $25 per month for the brand new console and over 200 games out of the box? Sign me in. Correct me if I'm wrong, but the game pass ultimate is $15 per month, which means, the console (in this case) is $10 ... x 24 months = $240, $60 cheaper than MSRP.

I'll correct you, Microsoft is using game pass to subsidized the consoles and is not going to charge any interest.

Xbox Series S -> Console $300 / 24 months = $12.50/Month and Gamepass ultimate would be 25.00 - 12.50 = $12.50/Month. 

Xbox Series X -> Console $499 / 24 months = $20.83/Month and gamepass ultimate would be 35.00 - 20.83 = $14.17/Month.

You are getting a slight discount on Gamepass Ultimate. There also time value of money which makes the deal even better since you don't have to pay the full cost upfront. The only catch is you made a commitment to Gamepass Ultimate and might wind up not really using it. But, it's an amazing deal for this coming holiday season, really reduce the burden on families during hard times.