Well, current-gen needs some exclusives that would make people want to upgrade. First party, and big 3rd party do that. Smaller games have to go where the people are. No one is going to upgrade to next generation for “Raiden Nova”, so they don’t have much of a choice.

Not to mention, with how powerful last-gen was (even if we discount Switch), most indies can easily run on them without any downgrade, so why not release on them.

Though, in general, I completely agree with you, and have stated that myself many times.