It means people get to enjoy more indie games with good designs, instead of having FOMO for cool graphics without substance.
Not all games need to be that, but Ghost of Tsushima in GBA Pokemon style is not the same game at all. And is it badly designed ? I also don't think so. Same for many VR games which make immersion meaningful in itself.
We can all come up with a litany of bad games, AAA or indie, but as long as there's a set of games fully pushing the envelope and bringing new things to the table, better hardware will be worth it IMHO.