i still call it that out of habit and the fact that PS5s are still hard to find and a lot of people don’t have one

No and It hasn't been "next gen" for 2 years.

It's not cheaper.

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Cost of living in the world is going up, I'm always going to recommend the cheaper and better option

The lack of right analogue stick and L3 is a pain in the chops. But if it's for nostalgic reasons then go ahead! The games are fantastic.

OP asked for a console, not a pc.

As much as I thought having a disc version was necessary, I find myself never using the discs. They just sit there.
It takes me longer to install than it does to download (your miles may vary).
In fact, the only discs I have are retro games, rare stuff like an FFVIII Boxed Copy for PS4 and the odd Xbox game that is worthless, like Watchdogs.

Discless will be more expensive over the course of the console's life span.

Physical media is on the way out

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Not in my memory. As I recall 3dtv's where always regarded as a gimmick, at least where I'm from... Most people never even liked 3d at the cinema, and barely anybody bought one.

I think the main difference is, 3dtv was a dumb gimmick added on top of an already fine platform. (Don't fix what ain't broken). But VR is an entirely new platform, and it's very engaging

Sure you need to spend a little more but everything else is much cheaper and PC also offers much more, cheaper games, cheaper peripherals, multi monitor support, modding, more store fronts, no need to pay for online, xbox game pass is on PC, better and more engaging voice chat and messaging software, free cloud save backups, more games, support for older games, variety of peripherals like choosing what brand or device you want to use, VR support, desktop work apps like Adobe and Microsoft Office, advanced video capture and editing tools, intercompaibilty between generational hardware, cheaper to upgrade when needed, sony exclusives are now arriving on PC, emulation, modding emulators and the possibility of playing older consoles with any controller or device you want, emulation multiplayer, you actually keep your games every generation, large variety of game streaming apps/support, more advanced audio capability, generous refund policy on alot of marketplaces, better LAN support, and overall a PC can be used not just for gaming and doesn't just become E-waste after 7 years, you can buy a premade PC at any price bracket, you can build your own PC at any price bracket, you can build your own PC using preowned parts at any price bracket you can choose exactly what performance you want in your system, all these options just make the 200-300 dollar starting price way better than anything modern consoles even offer, right now you can get a steam deck for 399 dollars which you can take on the go with you and can play modern title including spiderman miles moralis and Call of duty modern warfare 2.

Edit: and that's not even taking into consideration that the initial price premium is negated by the cheaper games and not needing to pay for online in the long run, I myself have spend loads on my PC because I use it as a hobby and part of my IT studies, my other friend got a brand new custom rig tailored to his needs water cooling and all, another friend has got PC this year and is running a modest under £700 system that can run any game he wants and my other friend has a 2014 $80 PC that has no graphics card yet can run some more simple fun to play RTS and older FPS games, we're all at different price points and we choose how we want to play

without a doubt, a disc.

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Pc isn't cheaper anymore. A ps5 / xbox series X has pretty good graphical capability and you'd have to spend more than what those consoles cost new to outperform them on PC.

I haven't used a disc in my consoles in over 10 years. I only got a one that can play disc's because I still have my old dvds.

Online services will shut down eventually. And if you don't have all the content you paid for downloaded to your machine then you will lose it forever. Having a disc / cart slot is always better than not. You can always just buy digital versions of games and not use disks.

Is this for souvenir reasons or do you just want to play the games, have you considered emulation?

Not everyone knows of the advantages, I'm here to tell them

Not everyone wants a PC.

I'm always going to recommend the cheaper, more games, more options system, after going to PC I guide everyone to the light

Wrong subreddit pal

I tried it with my friend, didn't work tho.