Is the Dream Really Dead?
Well, is it? Why would MS be advertising for this position if it were?
My informed opinion is that MS has simply decided to "clean the slate" and rebuild a team centered on MS's long-term goals...
Note the bolded text below to put at rest any supposition that it will be an "XBox360" title...
Job Title: Art Management
Job Category: Game Design
Date Posted: 01/30/2009
"Join the team responsible for building the most fun and rewarding flying experiences available on Games for Windows Live. Does working on a small, innovative team that delivers the most immersive flight experiences available today on the PC intrigue you? Our technology makes available entire continents - potentially the entire planet - for a detailed and dynamic 3D experience. We are looking for a Project Art Lead who can define, refine, and extend the visual elements while balancing the need for fun and approachability for a broad set of users."