Believe me when I say once cross gen is over, the leap will be bigger than PS3 to PS4. Maybe even PS2 to PS3.
Not only because the graphics will improve by a ton (Matrix Demo continues to wow people in that regard, so even in terms of pure graphics the statement that there won't be big leaps is false), but also because the worlds will feel MUCH more alive. Basically, gameplay and physics are still on PS3 level with the current games.
With the new Ryzen CPUs and RDNA2 being capable of fast ML in real time, the worlds will have realistic physics, NPCs, interactivity and completely new gameplay mechanics.
Think of Zelda: Breath of the Wild. Why is this game so beloved by many? Because they implemented a solid physics system people can use to do all sorts of crazy stuff the developers never intended and thus create their own stories. Next gen gaming is going to be that, just turned up to 100. You will have a living, breathing world simulated on your hardware.
NPCs will be aware of what you do in their game world and react accordingly. You will be able to speak with them off-script indepenend from what the game developers hard-coded using natural language processors, so they will feel like real friends or foes.
Kick a chair and it will fall properly (and break if its very instable), instead of gliding on the floor like toothpaste in space.
Water will flow like real water and you will be able to manipulate the game world with it. A house will actually flood realistically if you forget to turn off the water when the sink drain is blocked, the water can reach wall outlets and kill you.
Weather will have a significant effect on the game world and gameplay. A hot summer in the game world for example will limit supply which in turn will increase the price of stuff you can buy in the game.
You will be able to interact with EVERYTHING. And I mean everything. Thanks to real time Raytracing, baked light maps are a thing of the past so you will get high quality lighting with 100% interactivity.
RTR allows for light based puzzles and gameplay elements that were simply not possible before.
And a lot more!
There perhaps has never been a generation of consoles in the 3D area after the N64 that were so bottlenecked by the previous generation. I really can't wait for cross gen to be finally over.