Yes, I think you've nailed this on the head. The licensing is all dressed up, but ultimately MS is the one trying to take a slice of every pie. Having said th

Yes, I think you've nailed this on the head. The licensing is all dressed up, but ultimately MS is the one trying to take a slice of every pie. Having said that, I'm not sure what and how they currently profit from their consoles? It's my understanding that Nintendo and other manufacturers sell the hardware at a loss and make their money on licensing - perhaps that's done on a per game basis, rather than a per unit basis.