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The only point that holds some value is the point 1, however not sure how much. I somewhat feel Playstation system resorts too much in hype and novelty and most of older titlre may not enjoy much success 

But the worst factor here is copyright. Like, why are we all sure they will manage to get a extensive library from so many third party studios that maybe not be so eager to put their games in a subscription service? 

Sony Pictures sucks. Nothing more to say 

Most of PS games lost value extremely fast, making a discount for selected games pointless. There is no reason to even buy a game for 60 USD for PS4 unless the person is totally desperate to play it in the day of release. Besides, will third parties even accept therms where they will send their expensive games heavily discounted on the release week?