I disagree - current gen console aren't enough to deliver smooth immersive graphics - I played BG3 on PS first and then on PC and there's just no comparing the graphics. Cyberpunk same deal. I'll pay to upgrade to consistent 120/4k and better graphics, and I'll buy the games.
And there are AAA that make and will make good money with graphics being front and center.
And there are AAA that make and will make good money with graphics being front and center.