At this stage, any company making games for the Xbone S is like continuing to make them for the PS4. You're not doing it for the gamer, you're doing it for profit at the expense of the gamer. You're saying "You have old hardware and don't deserve quality but we want your cash so we'll throw some cobbled together shit for you to struggle through."
reduce poly count, reduce texture size, do some other optimization; i don't see the problem except it being a lot of work. Oh no, it's too much work! It isn't a problem for other studios to release decent games for older consoles; why is it a problem for Funcom? The game itself already looks old.
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I don't blame you guys for mixing it up, xbox naming scheme has always been awful