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> Unless we are nearing some sort of ARM horizon for consoles, that is.

The documents accidentally leaked from the FTC vs. Microsoft trial revealed that Microsoft was at least considering switching to an ARM CPU with the next Xbox generation, but they hadn't decided yet at the time those documents were written. Either way they would still use an AMD GPU, so it would be AMD+AMD or ARM+AMD.

Microsoft has been working on perfecting x86 emulation on ATM so it's not far fetched to think they could still keep backwards compatibility.