Setting aside all virus-related human concerns for the moment (I think we can all just mutually stipulate to not being horrible people?), I am thoroughly ready for new consoles. The current hardware has been stretched beyond the breaking point, to where the base consoles are straining to deliver acceptable framerates in some major games. The Jaguar APU has been a plague on gaming for too long.
My wallet would welcome a delay, of course. But my body is ready to see ray-traced reflections, and games without minute-long loading screens.
I suspect you're right about game delays being a greater threat than hardware delays (if we take China's word that the virus is on a downslide there), though I'd also imagine