Series X, while pretty and compact, is the most overengineered boutique device that was never deisigned to be a massive success. Reminded me first revision of phat PS3. Daughterboard, vapour chamber, custom external SSD... It's too expensive to produce and too difficult to ramp-up when needed. The die size alone is a pain.
We can laugh at PS5's size all we want, but Sony made all the right concessions for a speedy and sustainable production, along with minimal architecture bottlenecks while undercutting both S and X in retail just by removing the BD drive.
Series S was just downright bad idea.
So yeah, good luck, if true. Nice beard tho.