I'm not a lawyer, so I have a surface level understanding (at best) about what is likely to happen with respect to this FTC vs MS/ABK thing.
However I think it's pretty clear to everyone that considers objective facts (rather than cheerleading for a brand), that MS/XBox has been building up a fake presence as "the pro-consumer choice". The last couple of days have completely skewered any notion that Phil Spencer + MS leadership are somehow "good guys". They will push out a PR narrative to the press (which has been wildly pro-MS since at least the beginning of the Xbox One gen when they carried water for MS around the used-games/always online fiasco). This narrative is amplified by their loyal social media tribe.
All the while, they are desperately trying to do everything many of us said they would - buy out the gaming landscape to destroy their competition. That's the end game, and MS are one of the very few companies on earth that could afford to adopt these tactics. It is no coincidence that Phil mentioned in the past that he sees Google, Amazon and Apple as competition, not Sony or Nintendo (the other megacap corps could run the same playbook as MS, no-one else can). This is the very definition of anti-competitive.
So yeah, if this goes through in the end (as I think it will due to the vast amount of money MS can leverage as "influence"), then at least the hearing has led to these lies of "good guy Phil" and "pro-consumer MS" been put to rest.
We now have documents and statements that refute the good guy narrative, on record.