As a dad of two young kids, I am 100% with you.
Best example for me: Zelda Tears of the Kingdom.
I loved the first game but I had significantly more spare time back then. I picked up TOTK on day 1 but I just couldn’t connect with it because it’s too big. The map is too big, there’s just too many options it overwhelms me now. I maybe can spend one or two hours a day playing and I really enjoy it now if the game just takes me by the hand and guides me. These massive open world games are not for me any more I’m afraid.
I like it the way it is: There’s both and gamers decide what to buy. In the end, we are talking about a MASSIVE economy so of course there are also a lot of people who WANT you to upgrade your PC / console every 2 years or so.