I don’t think so.
The only generation where I felt hardware was too powerful was the PS3 generation where, for years, the console was priced out of the range of most PS2 consumers despite not being highly priced enough for Sony to turn a profit on the hardware.
On software, I’m finding the exact opposite trend. We’re seeing way more games than ever before. During the Gamecube and N64 years, we might only get 25-75 games in an entire year. These days 25-75 new games could come out in a single week. Additionally, the genre spread is significantly higher than before.
Regarding AAA games, as in the iterative annual/biennial branch release franchises by EA, Ubisoft, and Activision? People have been complaining about those since the beginning. I’m not the best to comment about that part of the industry as those games aren’t my thing.
I describe myself as a little dose of toxic masculinity.