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Count me as one of the people who only kinda care about specs.  I used to really care about 25 years ago, but the standards of what matters change every few years in the IT world.  That made me stop caring as much.  I also don't really think graphics need to improve.  I think they are good enough and improving graphics is a waste of resources.

However, two things that irritated me a lot with PS4 games were load times and especially install times.  There seems to be a lot of talk lately about load times, but I am willing to bet the SSD would shorten install times as well.  That sounds good to me, but I would have to see it on an actual game to know how good it is in practice. 

The other nice thing about faster load times is that it can potentially inspire new types of games.  For example the PS2 had much faster load times than the PS1 did.  The PS1 was great for huge, slow turn-based RPGs like Final Fantasy 7, but the PS2 could play huge open-world action games like GTA3.  I don't think open world action games could have been possible without faster load times.  It will be interesting to see if PS5 actually has new (non-VR) types of gameplay.  PS4 didn't really have new types of gameplay.  PS4 mostly had PS3 style games with better graphics.  Meh.