Not really. At the height of arcade popularity in the US back in the early 80's, US arcades made $8b in revenue a year ($21.7b adjusted for inflation), by 1991 that had fallen to $2.1b, by 1999 it was down to $1.33b, and by 2004 it was down to $866m. Today, yearly US arcade revenue is less than $500m, a very small chunk of the total US gaming revenue of $36b in 2017. There are 4 main chain restaurants with a heavy focus on arcades; CiCi's Pizza, Chuck E. Cheese's, Gatti's Pizza, and Dave & Buster's, between the 4 there are less than 1500 in the US, plus a significant number of movie theaters and some malls still have arcades, but many don't buy newer cabinets very often. I personally don't have a Gatti's, Chuck E Cheese's, or Dave & Buster's in my area (there used to be a Gatti's here but it closed in the late 90's), the only arcades in my area are in one of the local movie theaters (the other local theaters don't have any arcade cabinets), and a CiCi's Pizza, neither of which buys newer arcade cabinets, all of their cabinets are late 2000's models or earlier. 

New Halo game revealed at Inside Xbox

.... and its a arcade on the rails shooter O_O

Halo FireTeam Raven.
Was not expecting that.

people in california still play arcades in california not sure about other states were the arcade scene is dead . probably for california and other states that have a boomers/dave and busters/some joint etc etc?

Not really. At the height of arcade popularity in the US back in the early 80's, US arcades made $8b in revenue a year ($21.7b adjusted for inflation), by 1991 that had fallen to $2.1b, by 1999 it was down to $1.33b, and by 2004 it was down to $866m. Today, yearly US arcade revenue is less than $500m, a very small chunk of the total US gaming revenue of $36b in 2017. There are 4 main chain restaurants with a heavy focus on arcades; CiCi's Pizza, Chuck E. Cheese's, Gatti's Pizza, and Dave & Buster's, between the 4 there are less than 1500 in the US, plus a significant number of movie theaters and some malls still have arcades, but many don't buy newer cabinets very often. I personally don't have a Gatti's, Chuck E Cheese's, or Dave & Buster's in my area (there used to be a Gatti's here but it closed in the late 90's), the only arcades in my area are in one of the local movie theaters (the other local theaters don't have any arcade cabinets), and a CiCi's Pizza, neither of which buys newer arcade cabinets, all of their cabinets are late 2000's models or earlier. 

I disagree Platinum has proven time and time again that they are one the best game developers in the world and no one comes close to their output rate this gen. I would bet money that Granblue Fantasy and Bayonetta 3 range in 88-92 with critics.

https://www.youtube.com/watch?v=2VeJD0SY4jc

Looks like we're hunting the Megalodon

That's a fair call, but personally I don't care about either of those games, so for me it's still a good decision. And a high Meta does not necessarily mean good sales, either. Especially as it was looking to be a big budget game - and we know that the track record of Japanese games on the Xbox isn't great.