One is coming out Friday. They could just change it as a flat annual fee. Let's round it up to $250 and you pay them that and get all their games and say a curated selection of indie games that they do deals with to pad our the release. fukk it make it an even $300 and throw in PS+.
This is a terrible idea.
First off, it's proven that costs that hit the triple digit range are far more acceptable for this type of consumer if broken down monthly.
Secondly, Gamepass Ultimate is $15 a month, and a good portion of it's subscribers are likely using the $1 conversion method. Asking people to pay $25 a month is probably asking too much.
And even if they did go annual, the "Sony is basically asking you to buy a new console every year" reactions would be near instant.