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@DethBeard
Sony announce their tiered PS+ (prices quoted are annual, there might be monthly sub options, I haven't looked)
PS Plus Essentials: £50 and is basically current plus (free games, monthly, online access, etc)
PS Plus Extra: £84, as above plus a downloadable catalogue of (approx) 400 PS4+PS5 game
PS Plus Premium: £100, as above plus PS3 library stream, PS1+2+PSP library, game trials
Rumours of Spiderman games, Death Stranding and Returnal being available on launch.
Nothing that will rival Game Pass, but a step in the right direction. Unlikely to have many new game launches on it.