You might want to be more cautious about " _x_ "; it's not clear what that letter is supposed to mean here. Anyway, yes, the Euler transform of the series $1-1+1-1+\cdots$ is $\frac12+0+0+\cdots$, which converges to $\frac12$. So the _Euler sum_ of $1-1+1-1+\cdots$ is $\frac12$.
As Euler himself put it:
> I. _Sit igitur proposita haec series Leibnitzii:_ $$S=1-1+1-1+1-1+\mathrm{\&c.}$$ in qua cum omnes termini fint aequales, fient omnes differentiae $=0$, ideoque ob $a=1$, erit $S=\frac12$.