> You also don't lose access to older games if you get a better system.

To be fair, all the latest generation consoles are near 100% backwards compatible with their respective last gen. This has historically been more tricky due to architecture changes but it seems like all consoles have converged into more or less bog-standard prebuilt computers so it's less of an ask.

But still, I trust my Steam library to last longer than anything I've bought digitally on consoles.