I find interesting that you guys talk about being impressed with 5th gen consoles
When I played them as a kid my first thought was I couldn't sometimes even understand what I was looking at and definitely knew games needed to look better lol. One of the reasons why I often choose 2D games over 3D games was my difficulty to process all those formless polygons which were often important doors and items
I had the same impression during 6th gen, although to a much lesser extent. When I played Final Fantasy X (a game with very good graphics by its time) I couldn't help but think "How long it will take to games look as good as the animated cutscenes?"
The first time in my life I felt "ok games now look good" was 8th gen. 7th gen had some realistic games, but colour pallet and artstyle used to be dreadful shades of gray and sepia, there are exceptions though
For me 8th and 9th gen graphics are enough. We hit a point where technology allow artists to manifest nicely their creative side and develop complex and beautiful world universes. Colour are back in games, no more boring grey and brown, and characters models are sufficient to display emotions which is essential to more narrative-driven games
The models and background are "realistic enough" for me to instantly understand everything on screen, so even an ugly game like PUBG is definitely playable to an extent I will not suffer from bad/confusing graphics