How much do you care about the graphical leap between consoles at this point?

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So, the UE5 tech demo running on PS5 is certainly pretty; the lighting and the use of actual geometry where current gen would use normal maps stood out as notable steps up.

Still, it is a tech demo, and those tend to look better than actual games due to not having to worry about running real time game logic, AI, physics, a free camera, etc.