I use my PC like an Xbox and I have a PS5. My kids are grown and out of the house but I remember well waking up early on the weekends for some peace and quiet game time before the house wakes up.

You have to assess the libraries. For me, I want access to the most and best games. The PS5/PC combo gives that to me. Just researching the GOTY nominees over the past 12 years shows that Sony has 1-3 nominees (and often winners) every year. Microsoft studios are rarely ever nominated.

If getting a PC is not on your radar, then I'd keep the Series X and get a PS5. The PS5 PS Plus collection will give you about 17 bangers up front. The PS Plus Premium will get you about 800 games for $120 per year ($90 on holiday sale!). This includes almost all of the exclusives. The new games (like Ragnarok, for example) usually take about a year before they're added.

It couples well with Xbox Game Pass. I've probably played about 10 games on Game Pass this year. Mainly Halo, TMNT Shredders Revenge and a bunch of Indy titles. It costs more for less games but a lot of those games are day one releases. Unfortunately it costs more per year on Xbox ($180) than it does on PC ($120).

I don't like subscription services but 800 games for the cost of 2 and 450 games for the cost of 3 are both good deals.

I STRONGLY recommend getting the disk version of the ps5 (or any console, really). It will actually be cheaper than the digital version in the long run. Being at the mercy of waiting for a game to go on sale is no fun. Especially when the game is still more expensive than its physical version is year round. You can often find $5 - $10 copies of physical games that are $60 digitally. Just 2 of those will pay for your $100 disk drive. Borrowing/trading/selling used copies with friends/colleagues will save you tons over the console's life span.

Anyway, good luck with it.