I doubt things will solidify ever.  This seems like a downward spiral to me, to be honest.
And if the last 5-10 years have anything to go by, we should have very little hope that things will suddenly turn around for the good.  The Xbox Series launched looked like a really bright spot where they had a lot of momentum, but they missed that golden chance.
As far as Phil goes, I say he has the perfect job!  
- He has zero accountability.  
 
- He can fail at every turn and can still keep his job.
 
- Not just that, he is failing upward.  Promoted from Head of Studios to Head of Xbox to CEO of Microsoft Gaming, while the Xbox brand kept going down.
 
- I doubt he has to work very hard either.
 
- And on top of that, he is literally earning millions and millions of dollars every year.
 
What we wouldn't give to be in a position like him?
I think that's the reason he isn't retiring anytime soon.