Part of the reason that software isn't pushing up against hardware limitations as hard anymore are the relatively old and underpowered current generation consol

Part of the reason that software isn't pushing up against hardware limitations as hard anymore are the relatively old and underpowered current generation consoles. Games were traditionally on the front of the hardware curve, but over the last few years only a small proportion of the game market has had fundamentally high hardware requirements. It'll be interesting to see what upcoming console releases will do for the the hardware market.