Agree with a lot of this. Loved the format, the variety and the weirdness to the games on show. Could have done with a little more gameplay segments but that's somewhat related to how the reveal has come about and when it was originally planned. Teams don't always have the time to create another reel because the original show has been delayed a few months.
You can add Volcano High to the bad list surely?
Indies on display was good and representative of Sony having rekindled it's focus on them with Shu. They were more or less absent from recent big PS shows. The quality of the indie titles speaks volumes about the talent out there and how quickly they can get up to speed on PS5 too.
One thing I don't agree with is the limited time exclusivity deals. I get why they can be advantageous for both platform holder and developer, I just don't like them unless they are specifically making something possible which wouldn't have happened otherwise.