This generation of consoles is actually kind of moving more slowly than we've seen other generations move into next-gen exclusives, so last-gen consoles can still play most of the games available on either system, just not some of the newest titles and a few from launch. It depends on what newer games you want to play - also, most xbox games and some PS5 games are also available via PC.

Newer titles on the horizon are just now starting to lean into exclusivity. Still, there's nothing wrong with holding onto an older Xbox One for a while longer.

I have both. If you're excited for the Playstation exclusives, go with the PS5. The controller is pretty amazing and the exclusives are fun. Series X might have some good exclusives down the road, and I play it as often as my PS5, but I think its value is largely unlocked by being a PC gamer like I am - You get a lot of play-anywhere titles that you can choose to play on PC or console and I dig that feature. Xbox is also superior in my opinion for playing older-than-last-generation titles, but even for older games there are some Playstation exclusives that make it to PS5 and not Xbox, so it depends on what titles you like.

I clicked this title expecting an explanation, and now I'm disappointed. =(