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Well I think IGN said it best.

Summary of the PS5 event. Final Fantasy 16 Spider Man Hogwarts Legacy Call of Duty Black Ops Cold War Resident Evil 8 Village Deathloop Devil May Cry 5 Special Edition Oddworld Soulstorm Five Nights at Freedys Security Breach Demons Souls Playstation Plus collection Price - 499US with optical...

In Sony's defence I don't think either PS5 has specs as low as the Series S. The Series S is really just a Xbox 1 S Pro. It's lower specced than the Xbox 1 X in a few ways.

Looks like the full event is coming next week.

I'd like to say the Playstation 5 website is up and you can sign up for info there. https://www.playstation.com/en-gb/explore/ps5/ What actual info is on the website. Just one little image, literally nothing else.