I'm looking forward to when there are enough PS5s in the wild for games to be current gen exclusive. Getting dual releases on PS4 is holding games back visually, and it'll hold back FF7R Pt 2.
Elden Ring is a great game with tremendous art design that makes it look gorgeous no matter what, but still the visuals pale compared to Demon's Souls Remake. The difference? One (DSR) is a PS5 native game, the other was developed for PS4 gen first.
Same thing happened back in the day with PS3 and PS4. For the first couple years of PS4, most of the games were dual-release, and the increase of visual power wasn't exactly huge. It wasn't until stuff like Witcher 3 and Bloodborne a year and a half later where PS4 games really started to look like something entirely new rather than just 1080p versions of PS3 games.
Speaking of 1080p...the PS3 was capable of it, but it was SO RARE to see PS3 games do it for whatever reason. Metro: Last Light was 1080p on PS3 and looked so much better than everything else I played in 2012 or so.