It may actually not be that far. Looking at the developments, very likely Microsoft will enable third party consoles while keeping XBox as their premium showcase offering similar to surface laptop. Enables them to focus more on higher margin games/software at scale (along with harvesting super precious user data from millions of users). In the current age I think gamer's data/preference/patterns etc is much more valuable than tiny profits from gaming division for Microsoft.
My 2 cents only