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i'm not sure if i would qualify shareplay the same as the mythical family share plan. 

A) shareplay is real and the family share plan was only barely detailed after the DRM plan was cannned so we'll never no what family share really would have been.

B) share play requires my to be at my ps4 in order for the game to be shared to a friend while the family share plan supposedly allowed me to play other peoples games even when they weren't there.

 

...but i guess in a way they are similar.   xbox's DRM is an always online internet connection.  playstation's DRM is a person present while playing.   sony's is the more sensible choice.