I had a PS1 and (still have) a PS2 but have been in the Xbox ecosystem since the first Xbox, through 360, XBOne, Series X. I've not used any recent PS though except briefly at a mate's house,
From what I understand (PS fans feel free to argue; I don't really have an axe to grind either way)
Xbox Series X is still the most powerful console in terms of graphics and smoothness, but PS5 isn't that far behind. Next gen consoles are still a couple of years away for both.
XBox has more games available, and if you subscribe to Game Pass you get hundreds of games for free including lots of recent titles. They bring new games in all the time. I understand Playstation Network has a similar concept but don't know how many games it has.
Playstation is better for console exclusives and story based games.