This is great for the industry.
When you also factor in that Valve is releasing the Steam machine, maybe Sony will have to actually compete with somebody and offer a better value. Price cuts. More storage. Bluetooth audio compatibility (seriously how is that acceptable in 2025???). More PSVR2 games, or even provide some tools or incentives to release PSVR2 versions of PSVR games.
Heck, this incentivizes Sony to just develop and publish better games as a whole too. Not that they're bad or anything now, but it has seemed like a lot of what they've done has been safe. 3rd person, over-the shoulder, cinematic experiences. I've played God of War, Horizon, Ratchet and Clank, and Uncharted for the PS4 and PS5 and they all kind of feel like the same games just re-skinned. I miss the days when insomniac did unique and creative stuff instead of just cranking out Marvel tie-in games.