Just saw the PlayStation 5 tech demo, holy shit! That looks like a CGI rendered movie, it's unbelievable how this was rendered, the lighting system is just too good, better than any RTX lighting I have seen.
This in terms of textures, polygon counts, geometry, and lighting looks way better than that Hellblade 2 "In-engine" trailer, and it has NO LOD AT ALL, 0 LOD, NONE!
This stuff is breathtaking, this is the TRUE NEXT-GEN LEAP we have been waiting for!
Of course, Sony's 1st-party will have graphics that are going to be on-par or better in the future, you know how Naughty Dog, Santa Monica, Insomniac Games and many others will do.