As the title suggests, graphics are becoming the main focus of all games of this generation (Wii U, PS4, Xbone, PC). Graphics have always been a major part of gameing.... "BLAST PROCESSING!" "16 BIT!" this debate has been around for a long time.
But now I think that instead of the race adding to the game industry (with improvements that we can visibly see and designing stronger systems that also added to game play), it is slowly damaging the industry as a whole because now that they pay so much in costs, they must rely on pre orders, DLC, and micro transactions to keep their game moving.
Games are now more expensive to design than ever before. Games are costing more than block buster movies (and this is a good thing overall), but a lot of the cost is now coming from the graphics side. The Order 1886 and Destiny are examples of this, and it is fine to enjoy either game, but the cost does not seem to come in with the length of the game with the Order being 6/7 hours and Destiny not having much in terms of game modes.
The costs of AAA titles (and games in general) has skyrocketed and very few of them can stack up to even lesser funded Indie games.
I think that the huge cost build up caused in development is the leading reason behind DLC, and not the good kinda DLC which was once known as an expansion pack, but the bad kind which is, buying the rest of your unfinished game. What worse is that there are now micro transactions, an addition in free games placed into $60+ games
That is the main issue I see, games are now not only more expensive to make, but are now unfinished at launch and look at how many great looking games came out only to disappoint us.
Meanwhile games like Shovel Knight, Minecraft, and more cost a fraction of the price and are considered better, and look at the graphics.
While I do say all of this above, I do understand that graphics are the easiest way to entice gamers. We make most of the hype ourselves, lets be honest. You cant show gameplay in a trailer, you must experience gameplay.
I think the race for the best graphics should stop being the focus, its no longer adding to the games, its now subtracting.