On the topic at hand though I feel sorry for the console players. I saw some people defending the decision using the argument that you can still play Horizons. The point is Elite is a live service game that after 10 years is still missing at least half of the originally promised content. The game on consoles i effectively dead as who will want to play vastly inferior version of a game that is sliding by on potential (remember the promise of multiple new SRV variants coming soon after Horizons launch? xD) instead of its current state knowing it will never get better? Knowing that the "mile wide and ich deep" state will be a status quo forever?
If you think that ditching the console versions will improve the quality and content of the updates you are sorely mistaken. The most likely scenario is that the devs who were going to take care of that just got delegated to the F1 Manager 2022 from Frontier and it definitely will result in the decrease of resources put into Elite as according to polls and the discord servers I am in the console pop is around 30% of the playerbase. Now detract the $ that will not come anymore from the sale of cosmetics on the consoles and look at Elite Steam charts which are struggling hard and there is no financial reason for Fdev to put much effort into Elite. Does that mean the servers will soon close? No. What that means that we might get 6-12 months (an example not a thought out prediction) of some small updates and then the game will move into maintenance mode.
To people who think it will not happen because it is Braben's pet project. David Braben is a CEO of a huge company with shareholders he is accountable to. First off, it might have been his pet project 40 years ago but nowadays I seriously doubt he spares much thought to it apart from when something is seriously wrong and he has to do damage control personally. He is not involved with Elite at all for years now (apart from making apologies for the Odyssey fail) and in business there is no place for wasting money, time or manpower for something that is unrecoverable at this point and is part of the reason the stock of your company is losing value rapidly (just check the graph on google). If nixing Elite completely meant 1% increase in revenue for the next financial years he would surely do it in a heartbeat.
In the end I will say I am a PC player who hasn't touched Elite since May 2021 with 1.6k hours in the game. I will prob get the standard "why visit here if you dont play anymore" and "Odyssey is beter now" type of responses from people that are still deluded due to sunk cost fallacy but I can deal with it. Odyssey is still performing worse than Cyberpunk and I dont see any actual content added there to those bare bones, buggy foundaments. Each update still completely borks the game. As to why I visit? There is something to be said about watching a horrific trainwreck in morbid fascination and not being able to look away. In fact it is quite funny watching all that incompetence and mind boggling mess once you are not longer affected by the mess and able to distance yourself

I have to thank Fdev for making me appreciate how epic other devs are communicating with the playerbase ans I haven't encountered any as bad as them yet and I have infinitely more patience for other devs now!
For the players who still enjoy the game I want to say that I hope it turns out I am wrong and that it will become fantastic. I Don't think I am though. For the console players I just want to say to not dwell on it too much, find another fun game and just enjoy watching the disasters coming soon to the game