Honestly, Microsoft never went into gaming to contribute anything to the industry, from day one they went into gaming to extend Microsoft's monopoly of all things computer/software to yet another domain. Their entire strategy has pretty much always been to throw money at the problem till they become the top dog, knowing full well eventually they would outbid and outclass their competition through sheer money, just like they keep absorbing their PC software competition and buying their companies through their PC monopoly money. It's sadly quite easy when you're one of the richest company alive to just throw money at an industry till you own it.
I'm frankly amazed that Sony and Nintendo has managed to last this long with such a behemoth trying to take over the market. Sadly I have a bad feeling for the future ,as Sony seems convince the strategy forward is to release all their exclusives on PC, hence removing the need to own a dedicated Sony console, while Nintendo is content milking Mario, Zelda and Pokemon to death till nobody wants to touch any of these franchises with a ten foot pole and they have literally given up on the hardware race. Meanwhile, Microsoft is trying to make itself essential through game pass and it's game as service model, even though it offers very little for both developers and customers in terms of actual game ownership (glorified rentals).
It's just sad because it seems after years of failing to become the top dog, MS's strategy is finally starting to pay off. They use their PC monopoly money to buy existing devs and Franchises, in effect contributing nothing new to the industry, and only depriving customers of franchises they used to have access to on their own platforms... They push for a business model where you don't even own your games, you just get them for free for X months, before they start charging you for the ability to play them, and overall it seems the only contribution they do to the game industry is to pay existing devs to NOT release games on other platforms so they gain exclusive they didn't work for... All in all that game pass model is just as bad as the neftlix or spotify model, let's just screw individuals creators and go for a system where game quality doesn't matter as long as you have free crap to play each month.
Say what you will about Sony and Nintendo, but both actually contribute to the game industry. They either produce great, ambitious first party titles or help developers produce games they might not be able to pull off otherwise, giving them alot of freedom on what game they want to make and what types of experiences they create. Microsoft , on the other hand, just gives big brown enveloppes to existing developer so they stop releasing fan-favourite franchises on the competitor's consoles, hereby contributing nothing to the gaming industry other than frustration and anger for existing fans not being able to play sequels to their favourite games on their platform of choice. All companies have their scummy business practices and things I don't approve, but it's pretty easy to see Microsoft doesn't even try to produce new IPs anymore, since it's simply easier to throw a big fat envelope of cash at a popular studio and franchise and buy it outright... Which imho is money badly spend ,as with the same cash ,they could easily fund 10+ first party studios that would actually produce true exclusives like their competition does... But hey, let's just spend billions to buy existing popular devs like Bethesda , Activision and Mojang, then force them into exclusivity deals where they can't release their IPs on the competitor's console in a couple of years... In effect contributing nothing to the game industry as you're taking existing devs with existing franchises that people of specific platforms liked and forcing them to lower their sales by not releasing their games on the platforms their fanbase is on... Just like how it was super lame when Capcom woke up one day and made Resident Evil a gamecube exclusive after years of being associated with Sony/Sega/PC, etc...
So yeah, when MS actually spends money funding new devs , creating new IPs and pushing new ideas, I might respect them as a player in the game industry, but for now , I see them as a pathogen trying to take over as much as it can of the game industry so people stop buying the competition and they can extend their rule to the entire market.