As someone who started gaming on Sega Mega Drive, I agree with this sentiment. We should see a healthy balance between presentation and scope, devs shouldn't be put in a position to work their backsides off anymore.
I think we're at a good point now, for me I'd be happy with improved animations and models, global illumination and generally higher performance.
You think work life balance is going to improve if people stop pushing...graphics? This ain't it, chief.
Anyway, there's some new swinging gameplay flying around.