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Exactly, there are many good old games available for cheap (gta halo gears etc) they are sometimes superior to newer games.No. You can build a PS4 or XBOX capable rig for the same with off the shelf parts. I saw a guy do it on you tube. PS4 and XBOX aren't losing money on each unit.
https://www.extremetech.com/gaming/171158-can-you-build-a-gaming-pc-better-than-the-ps4-for-400
I think a new thread should be made about this. From a cost point of view, almost no entertainment cheaper than last generation games. As long as you don't get into stuff that is old enough to be valuable for nostalgic reasons (near all has been emulated), old gaming is incredibly cheap.
Graphics are the worst definers of a good game in my humble opinion. Everytime, I have upgraded to a newer rig, I have been blown away by the graphics for about a month and then I quit giving a shit. I care more about frame rate than anything. Even at that, I have a lot of games that are 20 years old that I have near 1000 hours on. Railroad Tycoon 2 is my go to sandbox world game for awhile. There is enough meat on it that I have to work hard to get gold level. Even at that. my 5 year old rig with graphics card that is worth like $10-20 dollars now still maxes out Rainbow Six Siege and Metro Redux.
The biggest difference I find in newer games in comparison to older games is the greater dependence on multiplayer and the expense of single player. There are fewer games that are geared towards the single player experience as before. There are exceptions. The Fallout series and others like it are tremendous in this regard. The part that is disappointing is that the funding is there to make incredible worlds but there isn't as much emphasis on in that regard. All this funding has allowed for games to be opened up with more paths that were just not do able in older games. That said, with an older generation you could literally be playing a new game nearly every few days if you so desire and good games, not junk.
Add that you get a free game every month with xbx gold.