Ps4 was the better option when Xbone and ps4 first came out by a good bit. Hardware was just plain better and $100 less because it wasn’t bundled with a retarded Kinect.
At this point it doesn’t seem like there’s too much of a difference hardware wise, but where there is it seems like Xbox is better. Add that to what appears to be a more finished product and more and better software options (like game pass) at the same price point and there really isn’t much to recommend PS5 for besides the exclusives. It seems like Sony either got delayed quite awhile due to covid, they ran into some issues, or they were just plain not ready but needed to release with the Xbox. I still don’t even think we’ve seen a full UI preview.