Power difference is staggering? Gross exaggeration. Not sure if it's the right analogy, if the series x is top of the line dodge challenger, then the PS5 is a Nissan GT. Both are powerful and both are built with different intentions to get to the final destination, which is powering game creators and giving them the freedom, reduce time spent on memory management and spend more time on creating immersive worlds. People just latch on to the 12Tf and have this misinformed misguided be all and end all thing. Yes the Series X without a doubt has more raw GPU performance when compared with PS5. But the performance delta next gen might not be as much as how it was the PS4/Xbox One gen started in 2013. Then comes exclusives games, if a mere 1.84 TF GCN machine such as PS4 could bring out games like God of War, Spider-Man, BloodBorne, Uncharted 4, NioH, Death Stranding, Uncharted Lost Legacy, Spider-Man, Days Gone, Order 1886, Horizon Zero Dawn, then you're all not ready for what a 10.28 TF RDNA2 PS5 will deliver.
In the end, the games will do the talking and SIE WWS have been delivering on that front since time immemorial. Meanwhile Microsoft has a lot of potential with the newly acquired studios to create newer experiences. Also the price, another crucial factor to get mass adoption rate at the start of a new gen. Sony knows that the crucial piece to the puzzle is pricing. Anyways in short we are in for a true next generation leap in gaming thanks to Xbox Series X and PS5.