Nothing terribly insightful that this thread, and the many, many (many) others haven't covered this passed week, but a good summary line:
It's clear Sony is banking on positioning itself as the "premium experience", and Microsoft are gravitating to the "great value" position. However, with the hardware crown sitting with Microsoft, and it's massively bolstered first party, I'm not sure Sony can sing that song for long. I'm certainly not paying AUD$125.00 for their games. I think we're actually starting to see the disruption of Gamepass taking effect. If Microsoft can land one or two truly great games early in the generation, I think the tide will be ready to turn.