Most definitely. Episodic gaming needs something like this and if Microsoft is up for it, I'll be glad to subscribe to the XB Game Pass.
You can't honestly be naive enough to think Game Pass will be even remotely as successful as Netflix. Besides, Microsoft doesn't need money to create "risky" exclusives. They can already do that. Sony does it ALL the time. Microsoft chooses not to make games that are less standard because they choose not to. Let's not pretend otherwise.