Let me analyze them, considering library with both exclusives and multiplats, controller with the ones that came with the systems, and player experience with the system UI, hardware and performance. Without considering graphics as asked. Giving points from 1 to 10 to see the difference. The points are based on how I perceive them nowdays, not only when they were current gen.
There won't be one for Microsoft as I've basically only played the 360 up until now, so I can't compare.
Nintendo
I've never played an actual NES, but have played its clone systems and its games, regarding the experience I'll extrapole on it from that plus all the videos I've seem.
NES to SNES (+6). Library: 6 to 8 (2). Controller: 3 to 6 (3). Experience: 4 to 5 (1).
SNES to N64 (-3). Library: 8 to 6 (-2). Controller: 6 to 5 (-1). Experience: 5 to 5 (0).
N64 to GC (+3) . Library: 6 to 6 (0). Controller: 5 to 7 (2). Experience: 5 to 6 (1).
GC to NW (-6). Library: 6 to 4 (-2). Controller: 7 to 4 (-3). Experience: 6 to 5 (-1).
NW to NWU (+5). Library: 4 to 6 (2). Controller: 4 to 6 (2). Experience: 5 to 6 (1).
Even as the Switch 1 and 2 are handhelds, they succeeded the Wii U library, so I'll continue to them.
NWU to NS1 (+1). Library: 6 to 7 (1). Controller: 6 to 6 (0). Experience: 6 to 6 (0).
I'll consider the Switch 2 library for its potential, as it's too new.
NS1 to NS2 (+3) . Library: 7 to 8 (1). Controller: 6 to 7 (1). Experience: 6 to 7 (1).
Overall.
NES 6/3/4
SNES 8/6/5
N64 6/5/5
GC 6/7/6
NW 4/4/5
NWU 6/6/6
NS1 7/6/6
NS2 8/7/7
Sega
I can only make 1 comparison as I've never played the Saturn or the Dreamcast.
SMS to SMD (+7). Library: 4 to 7 (3). Controller: 3 to 6 (3). Experience: 4 to 5 (1)
Overall
SMS 4/3/4
SMD 7/6/5
Sony
PS1 to PS2 (-1) . Library: 10 to 9 (-1). Controller: 7 to 7 (0). Experience: 6 to 6 (0).
PS2 to PS3 (0). Library: 9 to 8 (-1). Controller: 7 to 7 (0). Experience: 6 to 7 (1).
PS3 to PS4 (+4). Library: 8 to 9 (1). Controller: 7 to 9 (2). Experience: 7 to 8 (1).
PS4 to PS5 (+3). Library: 9 to 9 (0). Controller 9 to 10 (1). Experience: 8 to 10 (2).
Overall
PS1 10/7/6
PS2 9/7/6
PS3 8/7/7
PS4 9/9/8
PS5 9/10/10
Conclusion: based on crude points only, the Sega Mega Drive would be the biggest improvenent, with the SNES and Wii U following.
Even so, my pick will still be the PS5.
It makes me literally don't want to go back to playing on other system with how good it is, as you can see in the overall scores.
Games load nearly instantly, the majority of them offer 60fps, the UI is fast, it has the best controller I've ever used, and despite online criticism it has a lot ot great games, and pretty much all of the current gen games.
Other system had more room to improve upon, but despite the PS4 being so good already the PS5 still managed to improve so much on something already so good that it makes it the nobrainer choice. If only the PS5 had physical BC to all other PS gens...











