I'm curious what would happen if they don't make a new console. What happens to all the digital games purchased by people 5-10 years after the last console is at end of life? The way these consoles are designed, surely they'll need servers to be up indefinitely for these digital games to work. Will Microsoft do that? Will they be sued when they try to get out of it? Will they refund the money for goodwill? Will they make an emulator on PC to preserve everything? I don't think we've answers to these questions yet, and whatever happens with ubisoft's lawsuit would probably set the precedent for the same.
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They've publicly mentioned that they're building a "preservation team", and the thing that makes that make sense to me is forward compatibility for Xbox executables on Windows somehow.
I believe this is what he wants. I even believe he's doing everything to convince his bosses that Xbox consoles have a future. I also would suggest everyone working on the Xbox hardware team to keep their CV updated, because when your boss starts talking about your team "definitely" having a future there's at least a 50% chance of layoffs not being far behind.
To be thin clients for cloud gaming. No thanks, back to retrogaming it is then!