A console used to be an appliance where you insert physical media and it just works. What you can play is limited, but you physically owned the games and had the freedom to sell them, trade them, or buy them used. The hardware was subsidized to make up for the lack of selection and at least you had a bit of freedom.
Now it’s just an expensive, locked down machine that plays a limited set of games that you can purchase, but can’t re-sell and can be taken away at any moment. Oh, and the thing requires an internet connection and is always spying on you.
I’m quite happy to wait years for the few exclusives to be available to emulate while playing the remaining games that will also be released for PC on a Linux machine I own and fully control. Even if the hardware costs a little more, it’s unequivocally worth it, especially since it won’t be just a gaming machine.