I've been annoyed for years at how complacent Sony's become since the PS4 became one of the best-selling entertainment devices, but the way they've handled the PS5 has me livid at how utterly incompetent they've become. They spent years completely radio silent on the subject of PS5, letting their 1st party PS4 lineup slowly trickle away. Then, when they finally release SOMETHING on the PS5, it's a mind-numbingly boring Mark Cerney tech presentation obviously meant for the cancelled GDC.
Then they announced that PS5 would only be kinda, sorta backwards compatible. The PS5, you see, is just so powerful that PS4 games aren't guaranteed to work properly on it. They'd only tested the Top 100 PS4 games (whatever those are), you see. Then it became "oh, the vast MAJORITY of your PS4 games will work on PS5", again without stating what games DID or DIDN'T work, probably because they want to sell "remastered" versions of PS4 games on PS5.
Let's set aside how incredibly insulting it is to your 100 million+ PS4 audience that you designed the successor system without ensuring that PS4 games would work in it. How am I, as a PS4 owner with, literally, over 200 PS4 games both digital and physical...supposed to sell off my PS4 in good conscience to be able to AFFORD to buy a PS5 when I don't KNOW if my library will WORK on the thing? And considering that speculation has this thing very possibly at 599 US Dollars again, THAT's a big concern. If I can't make a dent in that price, there's no way I can afford a PS5 until they Slim it down in a few years.
Also, we are 7-8 months away from a hypothetical PS5 launch, and we still know NOTHING about what games will be on it. Even Microsoft's Xbox Ranger Operator Series X has had a few games shown off already in the Hellblade sequel & (I think) the next Gears game. And we already have confirmation that Cyberpunk's going to have a free upgrade to the NextBox version.
I don't think either console is really going to launch this year. I think the tanking economy and lack of manufacturing capacity is going to delay them in 2021. However, Microsoft has done leaps and bounds better at selling the Nextbox than Sony has the PS5, and I suspect that's not going to change despite Sony having objectively, inarguably the better 1st party support.