It's just too much I think. MSFTs moves with the Xbox One X/S and the new editions are the right direction. Understated designs tend to age better, and they match better with other furniture etc (as much as that matters, it really doesn't).

This is all subjective ofc.

It’s too loud. Consider how other equipment you might place near your tv looks.

Indeed. The last thing I want to be marveling at is the damn box. (I’d rather it just blended with the rest of the equipment sitting inside the TV stand.)

When compared to modern "Gaming" PCs, PS5 is less RGB LEDs so less louder.

Yeah, but very few people would place such monstrosities in their living room.