I hope the Xbox One isn't discontinued
Hopefully Microsoft is able to reduce the price over time and still profit on the hardware. Having a cheap console on offer is important to a growing ecosystem IMO.
Why though? Isn't that the point of Lockhart. Cheap entry into the ecosystem. I know you can get some deals around the holidays but the One S with UHD new still costs $299. Maybe they go for one more holiday push with a One S.
But the longer the One consoles are around the harder it will be for devs to not want to support it.
Also, getting you into the ecosystem with next-gen is better long term as they can sell you Game Pass longer because inevitably, there will be next-gen only games in the catalog (e.g. The Medium).