It's great, just need to find more time to play.
So far I've bought, Miles Morales, Sack boy, Returnal, Demon's Souls, Ghost of Tsushima, Ratchet and Clank, Deathloop, Life is Strange: True colors, WRC 10, Kena and Rider's Republic, all physical ps5 editions.
I've only had time so far to finish Astro's playroom, Ratchet and Clank and Ghost of Tsushima. I played Tlou2 on ps5 (amazing) and I'm currently replaying The last Guardian on ps5. Runs buttery smooth now. Also played some Sack boy, Wreckfest and GT Sport.
The controller is really nice, 3D audio works a treat as well with stereo headphones. The rumble is much more precises even without updates. It's much easier to identify what the wheels are touching in GT Sport. (With updates) The haptic feedback and rumble adds a lot to the games. And for the first time, I don't mind playing with headphones as much compared to a dedicated surround system. 3D audio is now good enough. But of course for real bass you still need a subwoofer :)