It's a massive waste of time, so instead of 1440p on series x these games will run at 1600p on the nextgen xbox at slightly higher settings, all of course reconstructed and framegenerated. Devs can't even provide a massive upgrade with 10 times the power of xbox one, a box that is only 2-3 times more powerful than currentgen is useless.
Then the last couple decades has been a waste of time too because we’ve had these iterated console generations without massive upgrades for a long long time now.
As said, once sales numbers go down there will be new consoles. You can look at sales figures to spot when a mid gen refresh or new gen is needed. Xbox has gone past that point already. Switch is there now. PS5 is still going strong.
These talks about how a new generation is not needed or how the upgrades aren’t as big as shown in unveil trailers pop up every generation. They don’t matter. When sales are slowing down too much you’ll get new consoles. Period.
And enthusiast gamers will be there as always day 1 excited for that one or two somewhat next gen looking releases. And mainstream will wait. And there will be complaints that there are too many cross gen releases. Then rumours of a mid gen upgrade or new generation pops up and hype builds up. Been there. Done that. Too many times. Will it end soon? I doubt it.