VR doesn't suck. It's just not a replacement for traditional gaming. Not sure anyone expected it to be.
As for the topic. Nothing ever feels next gen anymore. Improvements are incremental, even on new hardware. The last few games released on a console look and feel better than the launch titles by a pretty good margin. I'm considering PS4 and Xbox One to be nearly a by-gone era at this point. I think of XB1X and Switch as being the starting point for a new "next gen", and perhaps even PS4 Pro though it wasn't a very substantial upgrade.