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I see some are focused on the "launch exclusives" wording, but I actually think it's a fine statement.

The key take aways here should be:

A) Xbox will do more multiplatform releases going forward, some on day one, some later. Case-by-case.
B) Xbox will still have exclusive games, they understand it's core to the value of their business and especially the console.
C) Xbox first-party is this huge thing these days where they can balance it out to cater both.

Some want more transparency, an I get it, but the truth is these decisions are indeed made on a case-by-case basis and as such generalised statements are simply not possible.

Putting aside what I personally think of this, I think the expectation they set here is clear. Multiplatform, yes, full multiplatform, no.