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Microsoft is both a publisher and has the funds, and it manages many projects. An independent developer is very dependent on the publisher and will fulfill its requirements, especially those of a company like Microsoft. Creativity is always supported by money in this regard.
However, I disagree about consoles. The sense of presence is not so much due to the console, but rather to the HD TV; with such a TV, you get a great sense of presence from both movies and Malakhov+. Joysticks and the like are just devices that can also be made for a computer. By the way, the Xbox 360 joystick can easily be connected to a computer via USB. And regarding the Xbox 360 console itself, it is practically a PC inside; you can even attach an additional hard drive.