My thoughts on the PS5 are these:
Nowadays game consoles are becoming largely homogenized where the videogames (in terms of design creativity) can't keep up with the actual technical specs of the hardware they exist on.
Another way to put it: Game design isn't doing anything "new" in a huge hurry. I mean, they DO try to be creative, but there's only so many ideas that can go in to a game before it hits a limit.
I like that game developers like Yoko Taro are trying to shake up the status quo... but it's going to be a while before people start taking those "risks" and expand upon the creative possibilities that games are capable of in the coming era of videogames.
So when Sony starts bragging about PS5 specs or whatever... all I see is a Sega Saturn from yesteryear... a Game console without hardly any games ON it.
The only way that's going to change is if and when game developers get the courage to develop ON that level of technology, and that takes time to adjust to.
Take ARC System Works for example: they only JUST started learning how to mess around with Unreal Engine 3 and 4, and the transition from UE3 to UE4 was actually a big leap to what they were adjusted to doing.
If they suddenly had to jump to PS5 hardware, who KNOWS how long it would take to learn what to do.
And ARC System Works is a SMALL COMPANY... they aren't making Triple AAA blockbuster games like Square Enix or Nintendo do.
So, it isn't just the consumer who has to play catchup here... it's the developers too.
So, I'm not going to sweat it, because:
1. Steam is pretty universal nowadays, and very rarely will you find stuff that exceeds your hardware specs (unless your PC is a fossil).
2. Developers need time to do what they do, and they need even MORE time to come up with something NEW and DIFFERENT, so even with the best specs in the world... some things aren't going to change all that much.
Just my two cents.
Maybe someday we'll get those VR games like Sword Art Online or Overlord we dreamed about or whatever, Final Fantasy VR or somesuch... but that's a long ways off before it's a perfected technology.