Doubling the processing power etc, dont matter, your eyes are only so good, and the bottle neck is the controller. Until motion tech takes over there wont be a jump in gaming level for a few more years.
The jump in graphics technology in the 90s was huge but pretty much dropped off the face of the earth by 2000.
I must say your user name is quite fitting if you believe that bs you just spewed.
deus ex when released back in 2000 was considered on of the most graphically advanced game of its time and compared to today's graphics it looks like shit

one of my favorite most underrated game of all time, system shock 2 looks like doodoo now. such a epic and scary game but its hard to look past its 12+ yr old graphics

so i dont know what your smoking but gaming graphics have come a long way in the last 12 years.