Xbox doesn't deserve a participation ribbon.
They were barely competing with PlayStation for the last 10 years and the moves they did make to try to compete ended up
destroying the fucking brand.
Also, if they succeed with pressuring everything to be a subscription, they could have
literally destroyed the entire industry and people are thankfully starting to see that now.
I know people want to fantasize about this doom scenario with PlayStation, but I just don't see it happening. The market is different now and they won't be able to be tyrannical without repercussions as easily as they could in the past.
Considering the software sales (and hardware sales) delta between Playstation and Xbox, I actually think developers might be happy only having to develop for Playstation and PC (Nintendo/PC, etc).
Right now they (sometimes) have to develop for PS4, PS4 Pro, PS5, Xbox One, Xbox One X, Series S, Series X and PC (and even Nintendo sometimes).
That's alot of work for a console that averages about 40M sales every generation with a fanbase that doesn't actually
buy games anymore.
This might actually bring stability to the industry right now, having a more unified base (that actually buys games) allowing for more creativity and maybe a bit less development time.
The PS2 was one of the most creative consoles (software wise) and it had little to no competition.
Nintendo is also experiencing lots of success with little to no competition in the handheld space and has tons of great software.
Steam also has little to no competition and is loved by many PC users.
I might be wrong, but I think them leaving hardware (eventually) might be a blessing in disguise. They were kind of over crowding the place, while bringing bad (potentially dangerous) ideas to the table out of pure desperation with no real vision and zero consistency.
We'll see what happens...