Characteristic property of the direct product module/Statement/Diagram

This diagram is identical to the Characteristic property of the product topology diagram - why!? Because they're both instances of a categorical product!

$\begin{xy} \xymatrix{ & & \prod_{\alpha\in I}M_\alpha \ar[dd] \\ & & \\ M \ar[uurr]^\varphi \ar[rr]+<-0.9ex,0.15ex>|(.875){\hole} & & X_b \save (15,13)+"3,3"*+{\ldots}="udots"; (8.125,6.5)+"3,3"*+{X_a}="x1"; (-8.125,-6.5)+"3,3"*+{X_c}="x3"; (-15,-13)+"3,3"*+{\ldots}="ldots"; \ar@{->} "x1"; "1,3"; \ar@{->}_(0.65){\pi_c,\ \pi_b,\ \pi_a} "x3"; "1,3"; \ar@{->}|(.873){\hole} "x1"+<-0.9ex,0.15ex>; "3,1"; \ar@{->}_{\varphi_c,\ \varphi_b,\ \varphi_a} "x3"+<-0.9ex,0.3ex>; "3,1"; \restore } \end{xy}$

TODO: Description