It depends on how the new CEO will run the company. From what I'm seeing he's trying to get them out of the device business all together to try and focus on software and business needs.
Microsoft isn't the dominate monopoly it used to be in the world of computers. Google, Apple, and Samsung have really hurt MS by beating them in new tech markets.
The new CEO at MS sees that and is restructuring the company now before they start losing money before its too late. (What Sony should have done) Will xbox survive? Probably, but don't be surprised if its sold off to someone else.
He does seem to be getting out of "most" device businesses.
I think he's still very much behind using the Xbox to deliver software/services to the living room, and using the Surface to help gain ground in the consumer space with their newest operating systems.
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