It's definitely true that there are fewer "AAA" releases than there were in the past, though your list is not exactly comprehensive (Where's Shadow of Mordor, which got a lackluster release on 7th gen consoles but is clearly an 8th gen game. Or Overwatch?)
On the other hand as people have said there's a lot more going on in the indie space, and some of the games you list as AAA for 7th gen weren't (Portal, Condemned, Mirror's Edge and Saints Row were more B-tier games that big publishers used to make than huge AAA projects.)
I don't think it's fair at all to say that this gen is being "killed" by the lack of IP, since sales are good and there's a ton of great stuff still coming out, but the industry is changing. It's not just games though. There are fewer studio movies than there were 10 years ago, and obviously the music and book industries have changed too. The only entertainment media that's pumping out more expensive content than ever is TV, and that's because there are new distribution platforms there.
Personally I'm ok with the state of things. Do I wish there was more cool stuff out there? Sort of. But I don't have time to play all the games I want to anyway so to some extent it's a moot point. A lot of the games that come out these days are longer and bigger than they were 10 years ago (How many 6-8 hour campaigns do you see at this point outside of shooters that are intended to be played as long multiplayer experiences? It seems like every game is 20-30 hours long and most are open world.) And they're supported for longer too. 10 years ago Forza Horizon 3 Hot Wheels would have been its own game, and we'd be going on Destiny 3. So the industry has changed in a bunch of different ways, some good, some bad, but as long as there are still great games out there, and the 15 hours of Zelda I played this weekend say that there still are, I'm willing to roll with the punches.
Plus my backlog is ridiculous. I still want to play Horizon Zero Dawn, Yakuza 0, Prey, Nier: Automata, Gravity Rush 2, more Forza, the Voodoo Vince remaster, etc... and that's all from this year alone. A lot of those are sequels, but they're still fresh and creative games, and it's really hard to feel like this generation is "being killed" when that stuff is pouring out.
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