"Next generation" videogame consoles haven't really had groundbreaking graphics as a part of the definition for at least 10 years. The DS, and certainly the Wii, both successfully proved this trend was broken a long time ago.
Another example where a trend was similarly broken: It used to be that people considered bits as a defining point; until that trend was broken too. No one in their right mind would argue that the N64 and Atari Jaguar were a generation ahead of the PSX.
Technically, when a company releases a new console at platform, it is next generation hardware; as in, the generation that succeeds the last generation. For example, Schwarzenegger's kids aren't even as powerful as he is, but they're still the next generation.
I describe myself as a little dose of toxic masculinity.