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Sephiran said:

Emulation is not a factor for modern Xbox and PS consoles, Switch 1 was one of the last instances were a new system was easily hacked and emulated, from now on its more and more likely that emulation will play a small role when it comes to future consoles, and if they are ever hacked it will only be years after those consoles have stopped being relevant.

You can emulate legacy systems on Xbox Series.

People have played from Nintendo systems and even PS1 on Xbox Series S and X.