Yes? No. Maybe.
I have a launch PS4 and Xbone and both are in need of upgrades. Both have their own odd quirks or just simply feel long in the tooth. The Xbox takes forever to boot up along with the myriad of loading issues and the PS4 disc drive gave up on life years ago.
I'd really not like to shell out $400+ just to keep up with games but both consoles have been around long enough I think it's time to give everything a boost.