I'm getting both this year. From what I've seen and heard, Microsoft has built a console hell bent on performance and making sure there is airflow for the fan. Everything else came after those considerations, including the price. Hence the pc tower looking console.
Sony, for all of their technical hardware prowess, has never launched a console with the same mindset. Ken Kuturagi had the Emotion Engine and Blu Ray In its infancy that drove ps3 costs up. The ps4 is a smartly designed console that was designed to meet a price point. I believe that Sony has positioned the ps5 to be the same way. I don't think Microsoft created the XSX with the same mindset. These specs clearly show that they haven't, at least not at what most people consider sweet spot launch pricing of 399. i see 499 and Microsoft taking a loss on sales at launch.
However, this is Phil's console and he seems to be personally insulted by the power difference between the current base consoles. It's great if Mark Cerny matches these specs for Sony but with 4 generations in the books, looking at history and ps3 withstanding, ps5 comes out at 399 with appropriate specs to match.