The 5 Most Exciting Things About the New PS5 (Plus How Much will the PS5 Cost?)

Playstation remote

Word on the street is that the newest, shiniest toy for both children and adults is being released just in time for the 2020 holidays. But how much will the PlayStation 5 cost? I’ve got answers to that, plus a list of the most exciting things about the new PS5.

Sony is assuring us that there are no launch delays due to COVID-19, and the PS5 will be on the shelves for this year’s holiday season. However, the cynical side of me thinks Sony may release it early in conjunction with the second round of pandemic stimulus checks. Or perhaps in July when the tax deadline is looming. This is, of course, complete speculation, and I don’t think their sales will suffer regardless of when it’s released this year.

How Much Will the PS5 Cost?

Coincidentally, while I wrote this article, Amazon made an oopsie and accidentally released the price for PS5 on their French website. A Twitter user quickly grabbed a screenshot of the mistake, and now we know what to expect to pay.

Or so we thought.

A mere 18 hours later, Amazon confirmed that the screenshot was fake, as the seemingly realistic image made its rounds across the web. Before the tweet was called out as bogus, though, it appeared that the digital edition (no physical disc drive) would cost $447 (converted from €399). The standard model would be a little more than an additional one hundred at $559 (converted from €499).

Hypothetically speaking, if those are the real prices and Amazon is trying to save face, no surprises here. It’s almost exactly what I thought it would be, and I love that they have the digital-only edition as an option. 

playstation 5 game Project Athia screenshot

Still, Sony has some competition, as usual. Speculation suggests that Microsoft’s Xbox Series X will cost $399, and it’ll include a disc drive. If Microsoft offers a competitive digital-only edition, Sony could be in trouble.

Realistically though, I don’t believe that. Gamers typically fall into one or two categories for their preferred consoles. Personally, I don’t like Xbox, and I never have. (Go ahead, scream at me in the comments below. Loyalists are passionate.) I’ve always been a PlayStation and PC fan only. And I know a lot of gamers who only play Xbox. As I said, I don’t think there’s much that will affect the successful launch of Sony’s PS5.

1.      How Fast is the New PlayStation 5?

Zoom, zoom! It’s gonna be super fast.

If you can remember seven whole years ago, the PS4 launched with a 500GB hard drive, which was holy-moly amazing. The PlayStation 5 includes a custom, whopping 825GB solid-state drive.

Solid-state drives are nearly a necessity for impatient gamers. The SSD allows the PS5 to access data quickly, reducing load times and offering other benefits.

picture of computer hard drive

In fact, Sony brags that the new SSD load times are so fast, there’s virtually no waiting when you boot a game from the dashboard. It also means that PS5 patches won’t require an extra amount of free space for each install.

2.      Will the PS5 Be Backwards Compatible?

This is the question that’s had us holding our collective breath. I think Sony knew if they restricted or outright eliminated any backwards compatibility, it would be a huge mistake. Sony has loyal fans, but we all have our limits.

So, will the PS5 be backwards compatible? According to several sources, including Tech Radar, the PS5 is backwards compatible for “almost all” PS4 games (phew)!

Don’t delete or toss out all the PS4 games you’ve been playing for the last almost-decade. The top 100 PS4 games (ranked by playtime) will be backwards compatible.

3.      PS5 Exclusive Games

The PS5 exclusive games are a vital deciding factor in when I’ll purchase the console. Even if we’re looking at a $499+ price tag, there are some games I’ve been waiting to get my hands on for a long time. This becomes especially important as my husband and I remain self-quarantined for the foreseeable future.

playstation 5 game Project Athia screenshot

As of this week, here’s the short list of PS5-exclusive games:

  • Horizon Forbidden West (I’ve missed Aloy and I’m not being hyperbolic.)
  • Marvel’s Spider-Man: Miles Morales
  • Gran Turismo 7
  • Ratchet and Clank: Rift Apart
  • Demon’s Souls
  • Project Athia (Square Enix exclusive designed just for the PS5. The trailer took my breath away.)
  • Returnal
  • Sackboy: A Big Adventure (Fun for adults and kids, and so dang cute!)
  • Astro’s Playroom
  • Destruction AllStars
  • Godfall
playstation 5 game horizon forbidden west screenshot

4.      Killer Third-Party Games

We’re not beholden to the PS5-exclusive list of games. Tons of third-party games are dropping soon, being released for PS5 along with PC, PS4, and Xbox.

As of this week, here’s the longer list of killer third-party games we can expect:

  • Quantum Error
  • Cris Tales
  • Sherlock Holmes: Chapter One
  • Dustborn
  • Resident Evil Village
  • Pragmata
  • Deathloop
  • Ghostwire: Tokyo
  • Little Devil Inside
  • NBA 2K21
  • Solar Ash
  • BugSnax
  • Kena—Bridge of Spirits
  • Goodbye Volcano High
  • Oddworld Soulstorm
  • Stray
  • Jett: The Far Shore
  • Hitman 3
  • Metal: Hellsinger
  • Chivalry 2
  • Paradise Lost
  • Dirt 5
  • Chorus
  • Madden 21
  • Vampire: The Masquerade – Bloodlines
  • Assassin’s Creed Valhalla
  • Observer: System Redux
  • The Lord of the Rings: Gollum
  • Outriders
  • WRC 9

These titles will release sometime between 2020 and 2022.

playstation 5 game horizon forbidden west screenshot

5.      Enhanced Play for PS4 Games

Because of backwards compatibility, there are some lovely enhancements to current PS4 games like:

  • Fortnite
  • Control
  • GTA 5
  • Destiny 2
  • Tom Clancy’s Rainbow Six Siege
  • Warframe
playstation 5 game horizon forbidden west screenshot

And you’ll be able to dive right into your saved games, thanks to Sony’s innovative and patented silicon SSD. However, if you purchase a digital (disc-less) PS5, you won’t be able to update physical copies of PS4 games. I haven’t found many specific details on what these enhancements are, but Sony states that their support will be flexible.

There are lots of high expectations on the PS5 release, and I’m optimistic. In fact, it’s the only thing I’m putting on my wish-list this year.

Are you excited about the PS5 launch, or are you a steadfast Xbox supporter? Let me know in the comments below.

Chandi Gilbert

Chandi is entering her fourth year as a full-time content writer and has written for Contena, WellMe, and Ipnos, among many other notable companies. Her specialties include how-to guides, healthcare topics, and naturism. As a professional introvert, she discovers new ways to avoid phone calls every day. Working from home with her three dogs who pull double duty as her creative directors and heads of security is her favorite part of freelancing. In her other life, as a gamer, she’s saved and destroyed many worlds, died of tuberculosis at least once, and recently found out she’s a clone. You can find out more at

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