Nice to see Microsoft putting out a device that won't be under powered at launch. The Xbox One being weaker than the PS4 and a bad reveal cost them a lot out of the gate in 2013. Now all they need is good marketing and "good" exclusives.
With inflation factored in and smart tech already priced over $600 I don't believe price will be much of a factor for either device.. The economy is doing great and people won't mind splurging a little extra. (This was already proved in this years Black Friday and holiday spending records.)
PS5 will do great, they are already ahead as far as optics and a large core base. They need to focus on continuing riding the wave they're on, and not fall off.
...to avoid getting banned for inactivity, I may have to resort to comments that are of a lower overall quality and or beneath my moral standards.