The cream of PC gaming in 1993 was possible on 1985 hardware.
Was that 8 years wasted? ;) As that seems to be the argument of "it's the same games with prettier graphics". All the power does is remove barriers and limitations. Whilst all the major publishers are shooting for PS3/4/360/ONE cross format releases, the design is still going to be locked into PS3/360 hardware limitations.
As others have said, the launch/first year titles on PS3/360 were all just 6th gen software with HD visuals (even the exclusives barring the odd exception like Dead Rising), however the latter stuff would have been nigh on impossible to ever get running on the PS2. The same will happen with the PS4/ONE.
RIP Dad 25/11/51 - 13/12/13. You will be missed but never forgotten.
