Yeah the PS5 is pretty reasonably priced for what you get. I think the issue is two fold:
We already have really expensive machines that probably play games much better than the PS5 in frames and quality so buying another machine for a handful of games is just not in the cards.
Many of us much prefer keyboard/mouse and using controllers is really hard when you’ve not done it in many years.
I think we just wish Playstation was more friendly to PC players and not have these long exclusives (they’ve gotten a lot better recently though). Microsoft for example is a lot friendlier to PC players than Sony. Pretty much all MS first party games are on PC pretty much day one and many of them are on GamePass day one as well.