Yes, not because consoles NEED more power, but because there shouldn't be a big price difference, and then, why not.
When consoles came out the best PC you could get for 1000€ was a 3060 with a 3600x, nowadays it's not rare to find a 4070s and a 12400f for that price, meanwhile consoles didn't lower their price, actually these got their price increased.
Lower end technology was always the best value for their price, that's not the case anymore, so if console manufacturers can't get to cut the console's prices since these old GPU and CPU aren't lowering their costs, why not release a console with more modern components? The problem is that for some reason, if leaks are real, the PS5 Pro isn't getting a new CPU, when these components are the ones that have lowered their price the most in the last years, i still got an image from the end of 2020 with price comparisons for the 5800x and the cheapest one was like 470€, where the lowest price now is around 170€.
You just have to watch the prices announced for the future Xbox Series SKU's coming at the end of this year, these are laughable.