Once you got that then the CPU is just the orchesterator, and wouldn't necessarily need to be so beefy.
The PS5 and Xbox both have GPU-access of NVMe Flash.
------
So you are right. But what you are talking about happened like 5 years ago.
EDIT: https://devblogs.microsoft.com/directx/directstorage-develop...
Looks like 3 years ago for Win10. But I feel like I heard it sooner than that as NVidia or AMD specific API calls.