PS5 have several advantages, but the thing is you need to partner it with expensive gear which is why the mouthbreathers who work in retail here on the codex don't get it. If you have your 1080p HDMI Arc tv from 2010 and think it's very modern, then sure I agree with you, you are to poor to utilize the PS5, keep on using the ps4 until your tv explodes in your living room. But for people who have joined the 2020s and have quality home theatre equipment the PS5 advantages is:
- HDMI 2.1 support (120fps 10bit 4k HDR VRR).
- Recently added Dolby Atmos support for games (natively and as a container for all games using the Sony 3D tempest audio engine).
- Best 4k bluray player of all consoles and is competitive in quality to a 4k bluray player around $500
- HDR remasters of good ps4 games
- Cheap PCI 4 ssd with good storage (I have already used both of my M.2 NVMe SSD slots in the motherboard on the PC) so it can offload some of the storage requirement of modern games
- Excellent controller with excellent haptic feedback and adaptive triggers that works really good for driving games saving you a good amount of money not needing to buy a wheel for simcades like EA Sports WRC.
It's a very good package deal for what you get, good 4k hdr bluray player that can drive game in high resolution in HDR with good storage and good controller.
But trusting you grognards you haven't seen a good HDR tv so it would just be wasted on you. But it is the single most impressive graphical change in the last decade. But it requires basically a flagship TV with at least 800nits if OLED and atleast 1500nits if QLED. You can go to IMAX to see what it can do. Also requires you to have a light controlled room to game in, otherwise the ambient light will destroy the contrast that HDR provides. Well you still have the resolution advantage and Wide Gamut Colour advantage I guess. It also requires some setup both on the TV and on each individual game to get right.
Path Tracing is just cope for idiot gamers playing Cyberpunk 2077 on a 1080p monitor. Pure idiocy. Path Tracing is a change atleast one order of magnitude less important than HDR. But you can get Path Tracing with a brand new graphiccard, while HDR actually requires you to upgrade your display, that's where basement dwellers and kids gets stuck.
Here are some resources to see which game have good HDR and Dolby Atmos implementations:
https://www.resetera.com/threads/hdr-games-analysed.23587/
https://www.avsforum.com/threads/dolby-atmos-for-gaming-thread.2941270/
So in conclusion, don't be poor.