That is kind of like saying there are too many television shows, too many books(8,000 years worth or more, unless your an ancient alien theorist...then 100,000 years worth) too many movies, etc.
Of course. But I do not want to read most of those books pre-1950 or movies pre-1970s. I am sure the same goes for gamers. Most do not want to play many of the Steam games that come out or eshop games, etc. They want the newest and best. Kind of like when a new iPhone comes out, there are plenty of options in the world, but they'll be damned if they are not standing in line for it.
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