Are Xbox (and Sony) guilty of overpromising this generation?

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Resolution/framerate don't bother me that much to be honest; 1080p is good enough for me, and I don't need every game to be 60fps.

What gets me is that in previous generations we had massive leaps in stuff like lighting, effects, level of detail, etc, but so far I look at PS5/XS games and they just... kinda look like the PC version of a PS4 game.