More than 60fps doesn’t matter for a lot of people though. A lot of console gamers play on TV and only high end TVs have higher refresh rates anyways, so those people would prefer higher resolution and nicer graphics settings to more fps.

I’m a PC gamer and even I don’t own a single high refresh rate display, for example, because I usually play slower paced story based games. While I enjoy 120+ Hz, my priorities lie with UHD and HDR, as long as I get close to 60fps. And most PS5 games already support performance modes with 60-ish fps on the base model console albeit without all the possible eye candy.