Let me guess:
MS would make PC APUs with Xbox Series hardware compatibility and sell them to OEMs. The PC would have an "Xbox" sticker and would run Windows and a hardware emulator for Xbox Series X digital media, including all the Xbox Series X retro games.
MS then discovered, after planning, that no one would authorize a Windows PC to run Xbox games, even hardware emulated ones.
And now, Xbox consumers won't even have expensive PCs with Xbox Series X backward compatibility.
Don't forget Games for Windows Live.
MS would make PC APUs with Xbox Series hardware compatibility and sell them to OEMs. The PC would have an "Xbox" sticker and would run Windows and a hardware emulator for Xbox Series X digital media, including all the Xbox Series X retro games.
MS then discovered, after planning, that no one would authorize a Windows PC to run Xbox games, even hardware emulated ones.
And now, Xbox consumers won't even have expensive PCs with Xbox Series X backward compatibility.
Don't forget Games for Windows Live.