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Sony announces the PS5 Pro with a larger GPU, advanced ray tracing, and AI upscaling
(www.theverge.com)
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And the best part is you don't have to pay for online and you won't need to rebuy your games each new console generation.
First one I’ll grant you, but there was no rebuying from last gen to current gen for anything non-Nintendo.
If you pay for the discs, you can't use the discs on future generations. Right? Ps4 can't read ps3 or ps2 discs. Xbox one can read xbox and 360 discs, but they limit it to only specific games. So in general, you have to buy it once again on their online store, if its available at all.
While pc can play old games, you can sometimes run into compatibility issues. Especially games in the ps1/2/3 era.
Og Xbox and xbox 360 games work without much issues on Xbox one and series XS. Ps4 and Xbox one games are 99% playable on Series XS and Ps5.