I think we're in a weird spot where there is currently less competition to make amazing games because Sony has been so dominant. It came out in the FTC trial (or because of it?) that Sony just pays developers for exclusivity. If the console with 80% of your sales is going to also give you extra money, why wouldn't you take that?? Then as a consumer, the pattern becomes that Xbox gets less exclusives (or gets games a year later). Why would I buy an Xbox if it's roughly equal to PS but gets games a year later lol?? This is like a vicious cycle.
The exclusivity deals and consolidation are 100% anti-consumer but I'm hopeful that this will redouble PS-Xbox's competition. E.g., it looks like Xbox really wants starfield to be a massive success; they could have released the game last year but they opted for another year of polish in order to cement a huge winner for the platform. What if every major exclusive got that treatment? That is a win for gamers imo. Only time will tell.