This isn't 2023 for you? Which era happily let people buy physical media that could easily be resold, lent out, traded, or given away without issue? And which era moved focus to digital releases with DRM that aren't transferable in any capacity? In 2003 there weren't single use download codes for add on bonus content either, that started with the next generation post PS2. People have far less rights with their property today compared to the past, from game consoles to modern vehicles.
As for 20 years from now, I doubt most of these modern systems like the PS5 will still be working. Modern consoles from the 360 era onwards are basically considered disposable like old laptops or cell phones from the last 15-20 years. I mostly avoid buying used consoles from these generations at thrift stores as I assume most I come across are defective, I never had that feeling with older cartridge systems, though I did somewhat with the PS1 and PS2 consoles.