We have seen Sony and Nintendo each take a stab in the portable gaming area. Do you think Microsoft will ever release an Xbox portable handheld of some form? I don't believe they will, they show no real interest in that market and I guess they have tablets and phones running their operating system that they would use instead.
I don't see MS being a portal game maker, they might support some 3rd party portable maker but nothing themselves. They might consider their PC side as portable.