I think it's clear the I/O and SSD set up in PS5 is manifestly superior.
What is that based on? We don't actually have all information on the SSD and I/O for either system, so it seems a bit premature to claim.
If you're just going by paper specs, keep in mind a lot of people have also said to rule out claiming one system as superior to the other just because its on-paper GPU specs (particularly TF) are better.
Just a bit on what we don't know regarding the SSDs for each system:
-Random access latency on first block
-Random access latency (general)
-NAND type (we are assuming QLC but they could be using TLC, or some mix of SLC NAND as a very small cluster)
-Bandwidth (only sequential read speeds have been given, and speed is not the same as bandwidth)
-Page size
-Block size
-Full performance of compression/decompression tools (as a general rule: both systems support Zlib, BCPack is superior for texture compress/decompress, Kraken is better suited for general data. BCPack's top end compression figure lower than Kracken's but Kracken's top end figure is mainly applicable to only data that can actually compress that well without data integrity loss)
And for I/O:
-Bus contention (Tempest Engine already specified it can use up to 20 GB/s bandwidth; no evidence they are using an Onion bus for it)
-USB hub speeds and latency figures
-Ethernet and Wifi/Bluetooth figures (Bluetooth less so because it's not very power-hungry thankfully).
-Data caching for SSD (to speed up read and write operations)
-SSD bandwidth contention (kind of more directed at PS5 since keeping Cerny's power limit talk in mind. I'm curious if maximum data speed rate on the SSD will have a factoring impact on the variable frequency of the PS5 since the SSD does use a good amount of power itself and could factor into the potential 2% frequency drop Cerny mentioned in the presentation).
Basically, like with quite a few other things with these systems, it's better to wait and see, or at least get a lot more specific data before drawing absolute conclusions.