I'm aware that the PS5 is low on "exclusives". A big part of the reason I got it was for simple things like being able to run old PS4 games at higher framerates.
We're past the diminishing returns on visuals for games; not to say games can't look ugly, but with a decent art direction, the capabilities of current consoles are more than enough. That's why Nintendo was still able to sell Tears of the Kingdom for $60.