Xbox's newest lineup seems promising, but I've been disappointed by good trailers before, and the PS5 has a really big sales lead that's not going to be overcome soon.
Plus, Microsoft's also closed acclaimed studios like Arkane (which to be fair, is understandable) and Tango Gameworks (which is NOT understandable) which bodes ill for the future of its studio purchases.
Bethesda's been on the record saying that they would've let Arkane fix its latest debacle of a game, and would've supported the studio. It's Microsoft that overruled them and shut Arkane Austin down and stopped work on Redfall.
As for Tango, Microsoft said they need more critically acclaimed and highly innovative games like Hi-Fi Rush... made by Tango Gameworks. It boggles my mind why they would do that instead of greenlighting Hi-Fi Rush 2.