I still remember when Crackdown was supposed to be this magical holy grail of cloud computing goodness. "Don't worry about the performance gap, the Xbone has the power of The Cloud(TM)." Everybody knew it was bunk.
This was making the rounds through various gaming forums; and they're not exactly opening more studios, just closing them.
https://twitter.com/JeffGrubb/status/897970592275550210
Microsoft Studios retail output by year:
06: 4
07: 13
08: 11
09: 7
10: 11
11: 8
12: 10
13: 7
14: 7
15: 7
16: 5
17: 3