Depends. The game I noticed the biggest difference with is Mortal Kombat 1 versus X and 11. I played my copy of X on my PS5 the other day, it had lots of loading screens. MK1 actually manages to cut straight from the towers to the actual fighting.
I also played on Switch for much of the past 8 years, so loading screens, while present, weren't as onerous in general as they were on PS4. So the PS5's impact was somewhat more muted. A lot of the games I do play on PS5 still do have loading screens, and yes, some of them are longer than 3 seconds.







