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If we go by the god leak, I don't think there is going to be a series S2. Probably a powerful, costly console and other third party consoles. All using the Xbox UI on top of windows. So no devkits and dedicated versions of games, just the PC builds.
Optional access to the windows interface.
The steam deck model, almost 1 to 1.
But then all the work that has gone into Series S version of games would be wasted.It will likely be dropped if they cloud is capable of replacing it
There has to be some path to play these games going forward I would think.