Microsoft is so focused on cloud gaming that it forgot about console hardware

X cloud runs on Xbox series X hardware, so by default they’re paying attention to consoles

Improvements are being made all the time to the OS

As games are added weekly to Game Pass, and by extension XCloud, you’re going to hear about it a lot

Then you havent been paying attention

Lots of announcements just not release yet becaue they still in beta stm

If you want news read news

Xbox.com or Want to see upcoming features check insiders program

Fyi the newest upcoming feature is the return of the family plan being tested in only ,2 regions atm

Until they announce their console lineup during E3, everything is purely rumors and speculation.

However, as the rumor kitchen already talks about multiple console models including a more powerful one, like the One X compared to the "standard" consoles, you can be sure that this model will do the processing work locally. It wouldn't make sense to sell
a very expensive console with powerful hardware, and then have everything game related rendered in the cloud.

But, there are also talks about a less powerful console, which might be a cloud only console, so they can sell an extremely cheap hardware console, that only has a few video decoder chips inside, and the cloud does the heavy lifting for rendering the game.

So, I'd guess for this console generation you'll still be able to enjoy your games without any cloud shenanigans.

as said above, all the cloud based games are actually console games played on console hardware in the datacentre's. the console version is not out until december so you will have to wait for the cloud version until then.

Microsoft has stated their end goal is not to push hardware on people, and having crossplay/backwards compatibility is a crucial part of their new subscription focused model, so i think that games will become increasingly less optimized for the original
console, but it will likely still work for a long period of time before they move on.