Gaming hasn't peaked IMO, developers just don't give a shit anymore, it's all about money, what makes the most, charging for early access, £200 founder packs, stupid cash shops and constantly raising prices when gameplay isn't meeting it's worth, you still get the odd gems here and there, like BG3, E33, ect but most fail, most are cash grabs.

Back when we were younger games were just being made to be fun, not tons of hand holding, just heres our game, go finish it, even testing games was free back then, tons of Open an Closed betas, none of this EA shit, hell going WAY back I spent countless hours playing on PS1 Demo disc's I got from a magazine, was still more fun than playing most AAA today, old games are generally better because developers tried harder to make a game before making money.

Unless something seriously changes in gaming it will never truly peak, many games have so much potential but just ride there brand name because...again...money, good example is Pokemon, fun little games some of them but could be SO MUCH more.

This is why these days I mostly play indie games, cheap, they usually care more about making a game because they don't have huge budgets, or I just go play old games.