For starters I'd say 60-80% of gamers playing on new consoles have outdated cheap everything.
just cause a tv has 4k and HDMI, dosent make the games look next gen. If your tv dosen cost more then 2K then your not gonna get the maximum graphically.
same with audio, a sound bar is not gonna give you the maximum.
Like another poster said these new console are close to if not more powerful then most PCs, the only problem with it (like PC uses have) is you have to all the latest in greatest tech to go with it.
if you got a PS5 or series x, but got a 1K tv from
walmart with a cheap 100 dollar sound bar, you might as well not upgrade you system.
and that brings us to this generation biggest problem is. we got games that have to play on 5+ operating system, PS4, 5, xbox one, series s,x, and pc ect. its why we keep getting buggy games/ half ass't games. honestly what game devs wan to make a game on last gernation console still.
once we start getting some all exclusive next gen games. maybe in another 2 years things are gonna get crazy and the leap from this generation to last is gonna be like the introduction of 3d graphics games 25 years ago. I think we might beable to see near photo-realistic games.