Will Xbox Series X and Playstation 5 big the biggest leap gaming has yet to see?

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I'm hoping this will be like the PS3/360 gen where early stuff didn't look like a huge leap, but soon enough the likes of Gears and Uncharted showed up and blew away those early games.

That UE5 demo showcased a bigger leap over current gen than between PS3/360 and PS4/Xbone in my opinion, but so far I haven't seen a single actual game come close to it.