They are doing better with the PS5 launch than the PS4 launch this gen. They have been adding tons of value compared to what they were doing with the PS4.
PS5 PS+ collection - 18 of last gen's top hits for free with PS+ subscription
PS5 free games since launch from PS+ - Bugsnax (title launch), Maneater (title launch), Worms Rumble (title launch), Destruction All stars (title launch), Maquette (title launch), Oddworld Soulstorm (title launch)
PS4 free games with BC since PS5 launch from PS+ - Shadow of War, Just Cause 4, Shadow of the Tomb Raider, Greedfall, Control: Ultimate Edition, FF7 Remake, Remnant: From the Ashes, Days Gone.
There's tons of value given out.
Also
Number of PS4 exclusives released in the first 6 months: 3
- Killzone: Shadow Fall
- Knack
- Infamous: Second Son
Number of PS5 exclusives released in the first 6 months: 5
- Astro's Playroom
- Destruction AllStars
- Demon's Souls
- Returnal
- Spiderman: Miles Morales