In fairness, the cycle ended in 2021 which was a great year for Microsoft and it's first party studios. Forza Horizon 5, Halo Infinite, Psychonauts 2 and Deathloop were all highly rated and critically acclaimed. They also had Age of Empires IV on PC and Flight Simulator from Asobo Studio. Not every game is going to be for everyone.
Series X/S launch did have Gears Tactics but what did people really expect? What could have they released? Realistically, they had nothing. 2020 and 2022 are very similar. Microsoft going all in on one single game and then having no backup plan after delaying that one single game. It's bad but when researching their studios, none of it should be considered a surprise when several studios had just released a game or were about to.
For 2022, Xbox fans including myself have to do what Microsoft is doing - ride it out. Can't do anything else. Other than that, just have to hope that 2023 goes according to plan.