After being dropped due to developer feedback it seems Lockhart is back on the table.
https://kotaku.com/sources-microsoft-is-still-planning-a-cheaper-disc-le-1840203823
Essentially a cheaper lower spec Xbox Next to sit alongside a more powerful full fat next gen box.
Devs don’t seem keen on yet another SKU to support and done are concerned the reduced specs will hold back the big boy consoles. I can kind of see the point, but it’s a risky strategy if it pissed off this parties.