See I go back and forth about this. I feel the same optimism in some ways about Microsoft getting their hand on the wheel...but they've also let a lot of great IP's languish that they already hold. Rare is a shell of its former self and is basically only around because of Sea of Thieves which really took a while to get the ball rolling, Lionhead hasn't released a game in over a decade, Halo is on life support, Gears is doing ok, Forza is doing good-ish I guess. Lots of examples to choose from, sadly.
That's a good counter-example. Forza Horizon 5 was released to much acclaim in terms of the actual game, but the release was plagued with terrible microtransaction problems that overshadowed it and caused the player base to revolt.