i lost the hype for it when i realised i'd need to drop not only £350 for a new console but £300-500 on a new 4K tv to play most games in a resolution lower than 4K. it's not even worth buying just a PS4 pro to play at 1080p when i have a PC that can actually play games at 1440p 60fps or 4K 30fps.
When you find a solution to play Yakuza 0, Nioh, FFXV, Persona 5, [insert any console exclusive] on a PC I'll agree with you. In the meantime they are two separates devices with differents games so there's really no point comparing them.
And as for the need to buy a 4K tv, it's also a bit useless as 1080@60 with enhanced details will always look (and play) much better than 4K@30 with OG level of details.