Both XB1 and PS4 have 8 cores (2xJaguar modules). Both also reserve one of the core exclusively for the system, so a single-threaded game would only leverage 14% of available CPU compute power.
The Switch is somewhat similar through to a lower extent: it effectively uses a quad-core ARM, with one of the core reserved to the system leaving 3 to game developers.
For the last decade most of them are console ports, consoles have many CPU cores since Xbox 360 (3 cores / 6 threads, 2005) and PS3 (1+6 asymmetric cores, 2006).
Most games render from single thread, but besides submitting these draw calls games do a lot of things under the hood.
Can't keep 150 FPS at all times during a replay for instance, gonna disable mitigations and see if anything changes.
EDIT: nothing drastic happened, probably need to disable Windows protections as well.
Pretty sure there's no point returning to that intermediate state again, might as well commit to one or the other.