I hope it does well because healthy competition ultimately benefits gamers with better games but nothing in that presentation was screaming 'wow I must buy one of these to play that' to me. Sure I have a gaming PC so probably not the intended audience but $500 will put a lot of people off and for the average consumer the price difference to a PS4 Pro (however much the performance difference turns out to be) will make a lot of people stop and think when coming to pick up a console and I'm not sure they have many truly amazing exclusives to push it over the line and make people decide on the Xbox. Hopefully the performance is as good as they said though so improvements filter through to PS4 Pro and PC with time.