It should be fine (long term) unless there's going to be pressure from the higher-ups to deliver very strong day1 numbers. There may be some worries considering the recent Game Pass changes (and possible lost subs) and how Xbox as a console became much weaker over the years and it's not going to be in such a strong position as when FH5 launched.
With that said I'm still a bit butthurt about the delay. Are they hoping that people will sub to Game Pass just to play this game? And then buy it anyway for PS5? From my perspective if I'm going to play it on Xbox (a purchased copy or using Game Pass), I'm not going to double dip later.