Agree 100%. Microsoft would actually make the product a lot better and add useful AI elements to it. I just don’t trust Adobe.
If I was Figma, and I had to choose, I would go with Adobe. Adobe would have made Figma a core strategic product and would have made them much more relevant in a space that they deeply care about. Microsoft would never care that much about Figma, because the design/UX space isn't core to Microsoft. Also, Figma is too small for Microsoft to make it a centrepiece of any of their strategic initiatives.
Adobe does not compete with Microsoft in any meaningful way. There is some overlap in some products here or there, but it's not meaningful competition.
Adobe competes with Figma. The fact that Microsoft doesn't compete with Figma is precisely why it's ok for the former to acquire the latter.