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"I see incremental improvements in the dozens of trailers both companies have shared, but nothing that feels striking or completely new. The Switch launch didn’t do that either, but it also had Breath of the Wild, and I still don’t see a Breath of the Wild."

Ratchet's near instant world switching feels pretty striking and new to me.

With Halo delayed I wouldn't object if MS held back XSX's launch until they were better prepared, but I think Sony has enough ready at launch or shortly after to justify their launch to early adopters. Regardless, I don't think either company is willing to miss out on a holiday launch if they can help it, whatever the size of the library.