The fact that developers have to cater to multiple platforms that have hardware limitations and different operating systems has led to worse quality of games of time. Console exclusives are anti-competitive, monopolistic, and they lead to a terrible consumer experience.
This notion that hardware limits hold games back is nonsense and could only come from someone with no development experience. Hardware benchmarks have only benefited the ecosystem of games. Without those benchmarks and the gradual standardization of architecture that the last two gens of consoles have provided the indie market would not be flourishing the way it is. Not to mention it forces AAA titles to actually optimize their shit. Imagine a world where developers had no incentive to care about performance? "tough shit buy a new GPU." A true gamers paradise.