It’s a 55% price increase over the base PS5 for 45% more raster performance. But you also get significantly better image reconstruction, better RT and over twice the storage. Seems fair to me. Only problem is the weak CPU.
Of course, if we compare price/performance then PC stacks up better than it did vs the PS5 at its launch. Especially since PS5 digital game prices are pretty insane in Europe, along with more expensive PS+ subs. I can see this pushing some people from Playstation to PC.