People need to remember that the most powerful consoles don’t win the sales race every generation and that the high-end PC gaming market is relatively small compared to consoles selling 50-100+ million. PC gaming is a HUGE market, but looking at the most played games shows that a lot of people are on midrange or lower machines playing things like CS GO, League of Legends, GTAV, Fortnite, Minecraft, various MMOs etc dominate the list way more than graphical powerhouse games that need a high-end PC to shine.
Moreover, the big AAA games with high-end graphics sell way more copies on consoles than PC. Showing that there’s just not some huge untapped market of graphics whores who’d be thrilled if MS dropped consoles and went all in at optimizing their games for high end PCs. Enthusiasts on game forums care about those kind of things, but are a tiny and frankly irrelevant part of the market. Sony, MS and Nintendo wouldn't even notice if everyone in NeoGAF and ResetEra skipped their console. They care about the mainstream market as that’s tens of millions of people who've always felt console graphics are good enough and who’ll never buy a high end gaming PC. That’s also mostly where the whales who’ll buy all their subscription, DLCs and MTs are and that’s their real cash cow nowadays.
Lastly, the console are already pretty much PCs and most games use standard and highly scaleable engines. Things like Gears 5 already look and run way better on high end PCs. Thus MS can still impress the many kf the pc graphics enthusiasts with their next gen games while having them on consoles and PC.
For me personally, I really couldn’t give an explosive Coranavirus filled shit about graphics anymore. They’ve been diminish returns for me personally since last gen and I’m not excited about having to shell out $500+ for a PS5 to play slightly prettier sequels to my favorite games from this gen and some new IPs. I love Microsoft’s approach of having things crossgen for a while. I’ll play their stuff on my PC that should run the cross gen games fine for a while given how well it handled Gears 5 and me still being on 1080p and probably hold off on a PS5 for a while. PC won’t get upgraded though as I’ve barely used it since I bough it in 2016 as Switch and PS4 dominates my playtime and GPU and CPU prices to really outclass the PS5/XSX are crazy.