Microsoft and Sony have been quite successful at curbing piracy on their last couple of systems. Jailbreaks for the PS4 and PS5 are few and far between, and have limited capabilities because they've never been able to escalate all the way to the root of trust. The Xbox One and Xbox Series have never been jailbroken in any meaningful sense. Early Switches were permanently compromised by a bootloader bug, but there hasn't been a jailbreak that works on systems with fixed bootloaders for over five years now.

Hacking consoles has become steadily more difficult and we're approaching the point where it's just not feasible - Microsoft is already there with the Xbox.