What is going on with this console generation?

I’ve been gaming since the late 80’s with the Nintendo Entertainment System (NES) and the Atari 7800. Since then, I’ve owned every Nintendo console (except handhelds), and a handful of Microsoft and Sony consoles. My current lineup is the Playstation 5 and Nintendo Switch 2. The current console generation started at the end of 2020 with the release of the Xbox Series X/S and the Playstation 5.…