*whispers*
Your sense of security about 'not missing out' was contrived. In the wider reality beyond one platform you're always missing out vs the best tech.
...
This is basically the crux of the tension around this. One of the biggest value points of consoles - if an intangible one - was this sense that once you buy in, you're on a level playing field within this ecosystem, and you can free yourself of the anxiety of 'missing out'. People talk about chasing upgrades on the PC side, but the underlying motivation is to chase away the fear of 'missing out' vs others. You can chase that endlessly on the PC side, and consoles offer(ed) an out from that - or at least, a more regularly controlled upgrade cycle.
That anxiety is a powerful one, and I agree it is a risk for console makers to tinker with the longer term sense of 'security' that came with console purchases.
But it's also a somewhat irrational psychology. Someone else having more doesn't mean you have less than before, but we perceive that inequality strongly. Despite the fact that it could even bring some benefits (e.g. a longer software cycle). And I know we're irrational beings in some situations...console makers might have challenge overcoming that.