The PS5 price and release date have finally been officially announced, and with the PS5 Digital Edition starting at $399, Sony has a reasonable entry point into the next generation, $100 less than the Xbox Series X. And more importantly, they now have a game that people are passionate about.

Let's start with price: the PS5 is priced at $399 for the PS5 Digital Edition and $499 with the disc drive. The Xbox Series S is $299 but is limited to 1440p games, while the Xbox Series X is $499 and focuses on a full 4K, 60 frames per second gaming experience.

Microsoft offers its least expensive next-generation console in the $299 Series S, but this console cannot offer true 4K gaming. The $399 PS5 Digital Edition, on the other hand, is a complete PS5, just without the disc drive. And given how popular digital downloads have become, it will probably be the PS5 that most people will buy; the $499 Xbox Series X is more powerful on paper, with 12 teraflops of graphics performance compared to the PS5's 10.2 TF, but still the PS5 Digital would give you a true 4K gaming console for $399.

But it wasn't just the price that almost assured Sony's victory in this round; Sony's showcase on September 16 included "Spider-Man: Miles Morales," "Demon's Souls," and the surprise announcement of "God of War: Ragnarok," and other exciting exclusives, and was reminded of this in spades. Furthermore, major titles like "Final Fantasy XVI" and "Deathloop" will be coming to PS5 well before Xbox. This alone has the Internet already buzzing that PS5 will be the star of the show even before it begins. Here's what the internet is saying:

Even Ryan McCaffrey, executive editor of IGN and head of Xbox in general, admits that Sony did a better job of selling the PS5 this summer:

Also, a recent survey found that those surveyed were more excited about the PS5 than the Xbox Series X by a margin of nearly 6 to 1.

That doesn't mean there is nothing to the Xbox series. Microsoft has successfully built Xbox Game Pass, which offers over 100 great titles (including first-party titles on day one) for a monthly fee, and the $299 Xbox Series S is expected to be a super seller for users who are not tied to Sony exclusives The $299 Xbox Series S is expected to be a super seller for users who aren't locked into Sony exclusives. And thanks to Xbox All Access, a lease that includes the next-generation Xbox and Xbox Game Pass is available for as little as $25 per month.

However, with the release of "Halo Infinite" pushed back to 2021 and titles such as "Fable 4" and "Forza Motorsport 8" still to come, the Xbox family is expected to see a few more games this week, including "Spider-Man," "Demon's Souls" and God of War," the Xbox Series X may be the world's most powerful gaming console, but these two machines will likely live and die by their software.

Ultimately, both the PS5 and Xbox Series X are going to be great consoles, offering immersive 4K games, instant load times, fast frame rates, and gorgeous ray-tracing effects.

But if you want the best combination of performance, price, and killer exclusives, the $399 PS5 Digital Edition looks like the machine to buy this holiday season. And while the pre-order situation has been a complete mess since the PS5's sudden release, the fact that the console sold out almost immediately everywhere speaks volumes.