I think the biggest disappointment with last weeks "Inside Xbox" from Microsoft was that truly next generation graphics were NEVER on display. The true disappointment was/isn't about who's games looks better, it was teh lack of inspiring visuals that say, "This is next generation, this couldn't not be done before."
On teh other hand I don't think the Unreal Engine 5 graphics should be just seen as a PS5 showcase, its a showcase about what is possible for our future. There si truth about what si running on what, but teh bigger story is the next generation of games won't just be slight improvement of current generation graphics.
The video below is so much closer to what we should imagine on all systems, and also closer to what we should expect from what is possible. To sell systems there has to be a technological reason to buy, otherwise just stay with the Xbox One X or PS4 Pro, right? Today is some fo that reason bubbling up.
Yes, we won't see Unreal engine 5 games until 2022? But that is fine because this is just a demo of one engine by one engine company, there are mature engine out now that have had constant improvements that can produce results just as pretty, but maybe not as efficiently as they upcoming engine available now.
And, I hope that is what people keep in mind as the next generation approaches - w have not even seen much of what they "could do". No matter what system you have games are going to look amazing not only because they new systems will have more power, but because they new game engine will leverage system power better. The Unreal Engine 5 should not be seen as a PS5 showcase as much as a next generation showcase! Moreover the new game engines all seem to promote scalability, so if a developer want to leverage teh huge install cases of PS4 or Xbox One that can make some truly spectacle games for the old hardware too. The last Xbox One and PS4 games could look light years beyond the 2013 games or even the 2020 games.
Last week, at Micrososft's “Inside Xbox”, was a downer for the whole industry. It WAS NOT just the lack of game play that was a downer. That downer was those games looked like Xbox One X and PS4 Pro games on 2019 engines - been there, seen that. That will not be the whole story of the next consoles, it will be some of the story, but the reason you will want they new systems is just starting to peek out. The best is yet to come, the games that will inspire us are coming. Those game swill be on all the systems, and teh above video should make gamers feel good.