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Well you’ve said it yourself, Microsoft are trying to remove that physical limitation to accessing a platform. But Microsoft knows what the market wants, people have been against exclusives for a long time and they want to remove that, I shouldn’t have to spend £300 to play a game when I have equipment already capable of playing a game Infront of me.
So being scared that Xbox is going to disappear is stupid, the consoles might, but Microsoft has been transforming Xbox into a platform for years, starting with the release of windows 7 when they introduced XboxLive for windows alongside halo 2. This has been a long term goal.
If Xbox disappears, so does your digital library and other purchases (some games you can buy once and get on PC as well, but last time I checked, they were few and far in between). I can see that being a concern for people that bought into the Xbox ecosystem for the last few gens.