So far the UE5 Matrix demo is the most "next gen" looking thing I've seen running on the new systems, along with, funnily enough, the original UE5 demo from last year. It really is an incredible engine they've built.
The actual games released so far look like more polished PS4/Xbone games to my eyes, which to be fair is exactly what almost all of them are.
Last gen, I thought things got off the ground pretty quickly by comparison, with launch titles Ryse Son of Rome and Killzone Shadowfall showcasing the jump over PS3 and 360 from day one. PS4 and Xbox One seemed to be fully utilized pretty quickly compared to both their predecessors and successors.
Bet with Liquidlaser: I say PS5 and Xbox Series will sell more than 56 million combined by the end of 2023.