Wait by the replies it seems some aren't sure Steam will be on the next Xbox.
I was assured Steam would be there.
If Steam is there the device is platform agnostic and it is not a traditional console. People could play a whole lifetime on it and never buy an Xbox or Microsoft game if Steam is on the device. If it is not, it is a traditional console.
You cannot have a traditional console with two separate stores that provide separate licenses for the same game.
So which is it this hour Microsoft? I'm interested to see how this plays out. IMHO 99% chance it has Steam on it just because that sounds like such an Xbox move at this point.
The big question. The only question is, will it have steam or not? If it does, bad news for Xbox hardware.
If Xbox releases early it will cost them more to have a generational leap, and so that is where the high cost hardware estimates come from. If the device has steam and is releasing early and aims for generational improvements, it is likely to be costly like the PS5 Pro, BECAUSE, it will be difficult to subsidize the hardware with potential future earnings which may be zero if people buy this as a steam box. I have a feeling MS may want to move out of hardware and thus will release this device exactly as we speculate, good specs, runs steam, expensive.
As you can see how the market reacts for a 699 Playstation Pro, console market will be lost if base model launches over 599, that's the ceiling. Otherwise sales will be super sluggish. How to release a generational leap at 599 that also runs steam? Could be done easily if MS want to pay for it, but I'm not so sure. I think they will put something out that is nice, but also that they expect not to sell well and continue their push to 3rd party publishing.