For consumers, yes, everything is slowing down to a crawl because we are a rounding error as far as nvidia amd and intel are concerned. Most people are just giving up on building a new PC and sticking with what they have, which means software and games will have to keep targeting the older hardware for longer.

Even console releases are slowing down, ps3 2006, ps4 2013 (7 years), ps5 2020 (7 years), but the ps6 isn't expected until 2028 or 2029.