It reminds me of games like ReCore or State of Decay, solid titles that due to the lack of other exclusives on their platform, got hyped beyond what they should have been. Sony hasn’t released a big exclusive since GoW IIRC. This is releasing early in the year when there’s not much else, and as a result, it’s being made into a bigger title than it should be.
It’s also a lot like 1886 in that regard. I expect something more than 1886, that game was doodoo, but I agree with you that when I see this game I just see meh. I see been there, done that. It would take a pretty special narrative to overcome what has been lackluster gameplay in the videos I have seen.