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I buy virtually all my games after a price cut unless I'm going to put over 100 hours into the game. If I anticipate that a game will only last 10 hours of less, then I'll probably wait for it to be $20. I just don't value games enough for me to buy them full price when I know they will be cheaper later.

I'll be getting a rental service soon so actually I want have to worry about any of this though.

Also, I disagree with the idea that games have become shorter compared to last gen. From what I've played, action/shooter games have always been around 10 hours long and that hasn't changed. The longer games were RPGs, racing simulators, and open world games, which is the same this gen. I don't see what's changed.