You’ll be able to play a new game with state of the art graphics at medium settings with a mid range GPU from 3 years ago. Seems fine to me.
We don’t know what medium settings actually mean. It may still look amazing.
For Control (2019) the first released minium system requirements had a Nvidia GeForce GTX 1060 from 2016. This was later lowered but that’s pretty much in line with what we see now. They’re aiming for next gen graphics. It worked for Control. The game was used as a benchmark for raytracing for years.