Is the Future of Xbox Scarlett a Streaming Console

If this generation was the Digital rise to prominence. Then next generation has to be the rise of streaming services, right?  If what analysts are saying is true, companies likes of EA, Ubisoft, Sony, Google, and now Xbox are going to have to fight for the king of streaming software. From what some leaks are suggesting is that the future of code name "Scarlett" isn't just one piece of hardware, but several. Including, a hybrid streaming box and with Microsoft's push on gaming services, is this the direction gamers were hoping for the next generation?