My biggest issue with Hulst isn't the Concord failure but rather his soft spot or bias for Horizon.
I like Horizon quite a bit but the reality is, no matter how much he pushes it or how much money he spends on it, Aloy will never be a Kratos level character for PlayStation. Horizon feels like a perfect property to wrap up as a trilogy and then let Guerrilla Games move on to something new.
With two mainline games, a PSVR2 spin off, a Lego spin off, a failed TV show, rumors of a remaster, a Horizon themed GaaS in development, and the third mainline game in development, it's already dangerously close to an oversaturation point.