There's always new thing. Nearly every other industry subscribes to yearly new thing x. If anything, people should be happy that this is a mid-generation new thing, that does not make old thing obsolete.
I don't think consoles would work very well with a yearly upgrade the way phones do, so I wouldn't think it's warranted to get worked up over something like that. The way development cycles on console games work, versus how apps/mobile games are developed, are completely different. Flappy Bird wasn't pushing your iPhone to the theoretical limit, and therefore a new iteration won't send future development into a tailspin (even assuming the development on something like that took long enough to outlive a phone cycle.
This is a mid-generation (relatively) incremental upgrade that will likely have no major impact on people on either side of the fence. I don't see this being a yearly thing (or even bi-yearly) so I don't see any problem with it.
In short, I agree with you.