Totally.
That said, MS did an excellent job so far, concering their marketing efforts.
All that "premium" talk within the last months, the "evolved Jaguar" talk, "hard coded DX12" stuff, 3 GB more RAM than the Pro, all that made quite a lot of peope perceive Scorpio as a real "beast", a premium console which they expect wil be priced as such. And once they announce that Scorpio will be available for $399 in fall 2017, all those will be blown away by the amazing value-for-money ratio.
Yet all MS did was to use that one additional year to further exploit costs degradation of an already matured APU, RAM solution, HDDs and so on and so on to build the fastest console ever - for $399.
...only to slow down Xbox one sales even further, by this announcement, and give PS a bigger gap until Scorpios release.
$350 PS4 pro bundle with RDR2 and voucher for Horizon. $250 PS4 bundle with RDR2 and voucher for Horizon. Star Wars, GT: Sport, Destiny 2 all bundle, worldwide.
It's gonna be a tough time for those guys no matter what the price is. You are talking to console gamers. Screaming out, jaguar, ram, DX12 is gonna sound like Cantonese to them.
The absolute best chance / bet for MS to gain ground this year is to stop the bleeding in the first 5 minutes of e3. Let em know what the recent update has done for the os and such and introduce a permanent price drop for Xbone; $250 with MC and 3months live and free month game pass.
Make announcement after announcement with short demos of exclusives with Scorpio and explain how it makes remasters out games you already own. My guess, TW3 upgrade, FO4: vr and end it with $400/$500 and a trade in deal for launch.
That way, it'll keep them competitive till Scorpio and the price drop is a great indicator that the price will indeed be $400 for Scorpio. The price difference between the 2 boxes are also equally important, imo, and should be kept down as much as possible. Even if it is $400, you wouldn't want to drop the Xbone price at $200, because of the difference. It'll make it seem more expensive than it really is, but it could work if done right.