Don't get me wrong, even at 1k backlog games, I would still search for new games, but that's not how I meant
Last year (2018) at E3 game devs basically said to us, "Nothing to see here, see us next year", and it seems they wish (or have done so) to repeat that this year.
There's difference when five devs want to wait for PS5, but completely different story when basically everyone with good games wants to wait next gen console. Then, your choice isn't to wait for five devs because you're so picky you don't want to play nothing else, it's waiting for host of devs with nothing to play.