He was actually asked directly by Ryan and the guys at Unlocked, from 33.12 onwards
"Is it fair to say you are investing in new first party studios and projects"
Phil responds with "Absolutely "
https://youtu.be/T8uBk0FmL5Q
So, if they can't at least tease a bit of this at E3, considering how little they have announced and how quiet they have been the last 18 months, just what exactly is going on there? I honestly have never known a first party like this for a long time.
he has already created a sense of feeling distrustful and underwhelmed with some people, myself included to be honest, the thing is I want to be wrong or at least change my mind. As a fan I'm tired of ragging on these guys at MS.