How is it the "Perfect storm"? GoW:R is insanely disappointing, Last of Us has been an overhyped shallow joke ever since it released back on the PS3, most of its first party exclusives have been ports, remakes, or disappointing shallow sequels that completely missed hte point on what made the franchises so great. The few great exclusives they have had can be played elsewhere now (Returnal, for example).
Hogwarts Legacy is a multiplatform release and has nothing that makes you *need* to play it on PS5, except one single side quest that was utterly forgettable.
I am still waiting for a good reason to have bought this damned console that isn't to play PS4 games from when the Company still was HQ'd back in Japan.
Really the only thing that PS5 has over others is that it has the PSVR2, which from previews genuinely looks great - but most of its games are mediocre tech demos (Horizon) or ports from PSVR1 or other VR systems. The former having you rebuy games if you already bought them on PSVR1.