That's true, but even the settings you can tweak are essentially a curated set to choose between higher res vs lower fps, or vice versa.

I think the other aspect is that when gaming on console, you know the game was optimized for a certain hardware config - not having to worry about whether the graphics card you bought a few years ago will net you the best experience on a recently released game.

It's just one less thing to worry about for many people, including myself.