Yeah pretty much.
Its not the days of crysis, HL2, Doom 3 etc anymore, but its not that bad now either. You still get the best versions technically, and now with ray tracing/DLSS you either get much higher fidelity or higher framerates/settings, and if your gaming system can handle it a combination of it all, higher settings (often from medium/original to high/ultra), ray tracing, and higher resolutions/framerates.
True exclusives dont really exist anymore, not in the AAA range atleast, but they dont really either on consoles anymore, aside from some on PS. Though with UE engine, the bar for indie/lower budget games is set lower to achieve stunning visuals that can come close, or even compete/exceed what the large studios are able to pull off in their larger games.
That and scaling has improved alot, yes the baseline may be 10TF/RX6700 (consoles) but scaling enables quite impressive results across higher range hardware these days.
