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EricHiggin said:

With no mid gen upgrade from XB, if this gen only lasts 8 years or less, most, including SNY, are going to look back and wish the base PS5 had been 8TF and $399 because PS5 would have 5-10 million more console sales by now.
If the gen only lasts 8 years or less, then Pro will be mostly useless.
If the gen lasts 10 years, then PS5 Pro will end up being worth it.

Well, I mean it's useless at launch, depending on how long devs have had it, it should theoretically become something that could be worth it even if the gen lasts only till 2028, especially is it gets a sale. That's 3-4 years of better game experiences (hoping that devs make use of it better than they are now) and give the possibility to wait out the cross generational period safe and sound for a bit while the PS6 is out of stock for two years. 

Even if next Gen starts in 2028 it only starts for a very lucky few.