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As spotted on Reddit, Microsoft has updated its FAQs website, indicating that the home Xbox can now be changed up to five times a year instead of three. The company notes that:

You can change which console is your home Xbox up to five times during a one-year period. This period works on a rolling basis, starting the moment you change your home Xbox for the first time. If you reach your limit of home console changes for the year, you’ll get a message letting you know the next available date you can change it.

When you change home consoles, all device licenses for digital content will move to your new home Xbox. These device licenses will no longer be available on your old "home" Xbox.
While this may seem like a minor change, it is certain to satisfy many users, judging by the comments on the Reddit thread. However, it is important to note that if you own multiple consoles, you can still only set up your most frequently used one as a home console.

Games, DLC, and Xbox Live Gold subscriptions can only be shared on the home console. This home console also allows players to play downloaded games even when offline, which is a desirable feature especially when traveling. It'll be interesting to see how gamers respond to this change, with many people now demanding that Microsoft allows them to set up multiple Xbox home consoles instead of restricting them to one.