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Not at all. The last gen consoles have been severely holding developers back for years. There are litteraly tons of things they've had to compromise on simply because 360 and PS3 weren't capable of doing it. Not just graphically but in terms of gameplay.

Ever wonder why you couldn't holster your gun in Mass Effect 3? There wasn't enough RAM left to store the animations needed to do it.

Ever wonder why there are no female hunters to fight in The Last of Us? Not enough memory to store additional character models, animations, and voices needed.

And I could name a bunch more as well. Developers are beyond eager to move on, and honestly probably would have preferred if we had new hardware 2 years ago.