Can it? Yes
Will it? It is way too early to say. Microsoft has introduced too many disruptive strategies that are hard to predict in how they will pan out in the long term (all games coming to PC day one, all games coming to Gamepass day one, Xcloud).
Edit: I forgot to mention the introduction of a low-budget machine at the beginning of the gen.Last edited by chakkra - on 14 January 2022