I used to dread this moment. It would be the end of new games and I would have had something I hold dear, which has been my main hobby from being a small boy, ripped from my hands. But in recent years a lot has happened with my gaming habits and the way I view the hobby.
A lack of funds forced me to sell most of my collection a few years ago, the same lack of funds ended up pushing me onto Steam for some new games just because I could do so cheaply, discovering Kinguin made that all the easier, then I concentrated on the Switch which has been a dream console to pick up physical games for, like even compared to the PS2. I once owned a PS5 but never took it out of the box (got sold like so much of my gaming stuff). Xbox hasn't been relevant to me since the 360, the PS4 took a back seat to the Switch and never even got back in the race for me. Now Sony want out? Go for it! The Switch keeps getting releases announced and I'm struggling to keep up, discovering VGP is not helping in this matter either!
The thing is, 'the big players' have been wrong in my eyes since the 90s, like the PS1/N64 era being about 3D, because "nobody is interested in 2D any more". Exsqueeze me? That's not just a perspective, it's a laundry list of video game genres you're flushing down the toilet, one that I'm very much not done with. Physical media and video games with game in them, as opposed to kind-of interactive movies or e-books with nice graphics, are other things 'the game industry' has decided it's finished with. But the consoles aren't 'the game industry', they're just the ones with the most visibility and the budgets, but gaming was never theirs exclusively and what Sony or MicroSoft do does not dictate where this enormous juggernaut of a hobby goes.
Let them go. Let them close or fold-in their first-party studios they paid millions for a year or two ago, let them step away from physical. They aren't the hobby. It's bigger than them. Thousands and thousands of games are getting released every year, most of the exciting ones (to me) resemble games from the 16-bit era and are produced by a handful of people or a solo developer, or they're Nintendo games which I'll get on cart (but not those gamecard monstrosities, thank you). We've got Evercade, we're getting the new/old Neo Geo, Sega just might come back and do their own thing.
I've always thought someone could just produce some kind of game-box with a set standard, with a cartridge slot and low specs to run all these fab indie games we're getting these days and the Evercade shows that it could work. Just needs someone to throw down and go for it, physical doesn't have to die at all.
Sorry, a bit rambly, but I'm content to look at alternatives and the more old-skool style of gaming when it comes to future purchases.