I can't say it is. The UI and load times are so slow compared to today's standards and as far as I know, all the games on 360 can be played on xbox one. And xbox one can play next gen titles currently (I think?)

To add to this, I also think that the cost of console games is a little higher digitally compared to digital purchases on steam, so the option to buy 2nd hand games or cheap physical copies (something I do all the time with my Ps5) is more valued compared to PC, where the sales are alot better in my opinion. At least with the series S there is game pass which is value for money.

What kind of games do you play and what are you looking to get out of your system?

If you love single player games, the PS5 will have plenty of good exclusives for you. It also has some nice recording functionality, a fancy controller with haptic feedback, however in my opinion the user interface is lacking compared to xbox. PlayStation has typically had bigger, more popular titles in their exclusive line-up. I moved from Xbox one to PS5, I don't think I personally make the most of the exclusives on PlayStation, as I prefer multilayer experiences.

Xbox will offer game pass, giving you access to alot of games for you to try and if you enjoy playing enough of them (subjective) you could find yourself saving a fair ammount of money. Xbox also tends to have more indie games / early access titles and allows players to access public test branches, in other words, niche pc games that have been somewhat popular (eg, Dayz, Space engineers, Ark survival evolved, Arma etc etc) all came to Xbox first. Games you buy on xbox may also be playable on PC via windows store and there is a lot of backwards compatibility. Xbox also has better a better communication platform (forum's, lfgs).