This is really really sad. Everyone must be very disappointed (Especially mini-microsoft). And the new head is a PM..heading windows engineering. More on Julie from Mary Jo: [1]"Larson-Green applied to Microsoft right after she got her business management degree from Western Washington University, only to be told no. But she did land a job at desktop-publishing-software maker Aldus working on the product support call…
The PM role is not at all about finance or marketing. PMs at Microsoft are expected to be technically competent and depending where they're stationed, may regularly contribute code. Julie Larson-Green is noted for her expertise in UI/UX. If anything, this exemplifies a shift to focusing on the end-user.
Nonetheless, I still stand by point. I was an SDE at msft in OSD, so I know very well how technically competent PMs are and how much code they write.