As a guy who has been pure PC gamer since 1999, you're underrated the PS5 up there - for one, a 3900x is essentially a new cpu above 1080p, but more importantly - developers develop purely for the PS5 hardware. You probably have to be overpowering a console like 50% before you overtake that everything has been exactified to run on that exact hardware combination
Now a computer can do so much more, so it's unfair to price one against a console - but for pure gaming, $$$ wise it's not even an competition. You'd have to be doubling the console's price in just the GPU alone before you'd notice an improvement in graphics. There's no way to compensate for that kind of pricing.
Although with that said, I'm so far out of the console loop I don't know if you can only play that current gen games, because one of the best things about gaming is being able to load up ancient games like Doom 2, which still plays incredibly well, and still has a thriving community making amazing content for it. I don't know if that's a thing on consoles. GZDoom and unlimited wads. No idea. Or emulation. No idea.
Now a computer can do so much more, so it's unfair to price one against a console - but for pure gaming, $$$ wise it's not even an competition. You'd have to be doubling the console's price in just the GPU alone before you'd notice an improvement in graphics. There's no way to compensate for that kind of pricing.
Although with that said, I'm so far out of the console loop I don't know if you can only play that current gen games, because one of the best things about gaming is being able to load up ancient games like Doom 2, which still plays incredibly well, and still has a thriving community making amazing content for it. I don't know if that's a thing on consoles. GZDoom and unlimited wads. No idea. Or emulation. No idea.