The industry, and at large the gaming community is just long past being interested in graphics advancement. AAA games are too complicated and expensive, the whole notion of ever more complex and grandiose experiences doesn't scale. Gamers are fractured along thousands of small niches, even in sense of timeline in terms of 80s, 90s, PS1 era each having a small circle of businesses serving them.
The times of console giants, their fiefdoms and the big game studios is coming to an end.
The times of console giants, their fiefdoms and the big game studios is coming to an end.