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Phil Spencer has reportedly reassured employees Microsoft ‘won’t stop making Xbox consoles’
(www.videogameschronicle.com)
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I could see Xbox becoming just a Windows PC preconfigured to launch essentially a Big Picture mode version of the Xbox app or something. And then maybe Sony goes ahead and makes their own store/launcher to sell a PS6 or PS7 that’s just a PC as well. But if you have your own PC, that’s fine too.
With them releasing more of their library to PC, this wouldn’t surprise me.
Sony will hold on to that kicking and screaming, because once they're just selling a PC, they lose money for each third party game sold, and they lose PS+ revenue.