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You're seeing what you want to see OP. If anything we are feeling the effects of last gen. Big studios working on big games, while indies do their thing, and mid-tier now pretty much dead.

Costs for development haven't gone down, they've gone up, and it's riskier to launch games.

The PS4 is continuing where the Xbox 360 left off, with of course better Japanese support. Although, with Japanese console devs hedging their bets on the struggling PS4 in Japan, I'm not too sure that'll work out well. When FF and MGS hits or maybe DQ, we'll see if it can recover.

The era of PS!/PS2 variety in console games is long gone. There are a few indie devs bringing some stuff back, but its them mostly mining nostalgia even worse than Nintendo does.