No, not at all. Even if you overlook the compromises, the console generation dictates the graphical standard these days. The PS4/Xbone were mid-level PC at best on release and that was how many years ago? This isn't about PC masterrace and all that shite either, you need to understand that games make most money on console and are tailored to them, which is fine and fair. But to suggest either of them were actually even graphical beasts for their early days let alone now are so far off the mark, and to suggest there's not really need for improvement is just daft.
But hey, don't take my word for it, wait until you start getting glimpses of the next gen and closer to proper 4k which should have been years ago.