See that is my main gripe with consoles. PCs were capable of handling all of that years ago. But because consoles run on hardware that is pretty much outdated on the launch day the whole gaming world is bottlenecked and forced to suffer the pain of console ports for the next decade until they bring the new ones out.
If I had millions apart from financing the recreation of some ancient monument (Knossos palace) like it was long time ago I would hire some proper brains and make an engine that would bring two Titan RTX cards to their knees. No console support, no DX11, just latest and greatest. Full on state of the art graphics. Just to show how powerful hardware actually is. It can be done, just no one wants to be bothered. I wouldn't care if I put every single dime into it and end up living in a skip. It would be money well spent.