From a user perspective, I'm going to have to disagree. You have it backward.

Atari 2600 you were playing something like Pole Position. Gran Turismo 4 was released on PS2. Gran Turismo 7 for PS5.

What improved from Gran Turismo 4 until 7? Model detail? Better grass and reflections? Some improved physics simulation? It looks great, don't get me wrong, but it isn't a massive improvement in user experience for 23 years of development.

VR racing could be a riot. Maybe VR is that leap forward, but VR is another tech we've been trying to get going since the 80s.