I agree, it's not AAA, in terms of assets, but I'm saying a "box of lego bricks" (or something like that - copying Minecraft won't work now) is the only way to compete with AAA on assets. PCG looks like a holy grail, but I doubt it (unless you can get it good enough to sell to AAA, then why wouldn't you just license the tool?).
Minecraft is AAA success. Your big-box retailer probably has Minecraft guide-books for sale. There's nothing that touches it. Papers, Please is an "indie game done good", and it sold maybe 5% of Minecraft.