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It's a bit of a long shot, but I do see it as a very real possibility at least. Just look at what happened with Edge switching to Chromium.
We've known for some time now how little a share of their revenue the desktop space generates, but that ignores how valuable the control over that space is. They'll let Windows become a loss leader to maintain that control.
That said, as they continue to cut to the bone in order to drive profits, I can see them sacrificing the OS development even further. Branding familiarity is all that's required, Microsoft can just as easily implement their telemetry and DRM (through exposed TPM) in Linux as they could their own operating system. I've theorized this myself, I think a first step would be releasing some honest to god, official Linux binaries for Microsoft Office (excuse me, Copilot) in order to get that telemetry and TPM/DRM enabled on your system.
I'm not willing to conjecture on the exact probability of it coming to pass, but I think it would be foolish to not start taking up at least somewhat of a defensive position in allowing these corporations into the Linux space were they're just gonna do what they do again. Even if Linux adoption begins to plateau, capitalism assures us once they've run their markets dry they'll expand however they possibly can to make line go up and that needs to be considered as a serious threat to FOSS.