Visually, yeah, I'd say so. Diminishing returns and all that. There just isn't very much further for visuals to go, but I'm also slightly older and find myself impressed by how good most of the games I play these days look, regardless of platform (that includes Switch).
And that's not even getting into the truly stunning graphics we've seen this gen, like in Horizon: Zero Dawn or Spider-Man for example. When I behold games like those, I can't ever imagine wanting or especially "needing" games to look even better, and I don't see how they could by any meaningful degree anymore.
I also have zero issues going back to 8-bit and 16-bit graphics and still appreciating those visuals too, though, so maybe I'm not the right audience for this question.