What if Xbox Series tanks, and MS transitions to Gamepass and all their games go to PS6, PC?Seems unlikely and would be bad, Sony needs some competition in the HD console space.
I don't think we're seeing signs of Series doing bad anyway, its first year might not be strong due to basically 0 exclusives but Bethesda will start paying off hard after that.
I think what we've found in the last couple months though is that Sony are super serious about PS5 and are not waiting around at all. Without the bethesda news it would have been pretty much all one way traffic in terms of hype and coverage. But xbox still have a very solid base and Series S could really do some work if they sell it right.