Now that specs are released:
https://www.theverge.com/2020/9/16/21438782/sony-ps5-size-specs-dimensions-console-huge-large-big
PS5: Approx. 390mm x 104mm x 260mm (width x height x depth)
PSU: 350W
(excludes largest projection, excludes Base)
PS5: 4.5kg
Clockspeed: 2230 Mhz Peak
Processing Power: 10.23TF peak
PS5 Digital Edition: Approx. 390mm x 92mm x 260mm (width x height x depth)
(excludes largest projection, excludes Base)
PSU 340W
PS5 Digital Edition: 3.9kg
Clockspeed: 2230 Mhz Peak
Processing Power: 10.23TF peak
In comparison to Xbox Series X which is 300W and Series S that is
XSX: 301 mm × 151 mm × 151 mm
PSU: 300W
4.4KG
Clockspeed: 1825 Mhz
Processing Power: 12.10 TF
XSS: 275 mm × 151 mm × 65 mm
PSU: ? Help can't find
1.93 kg
Clockspeed: 1565 Mhz
Processing Power: 4TF
So bounding box volumes here, XSX is 65% the volume of PS5. XSS is 25%. The numbers are a little larger when comparing to the DE.
PSUs are about 20% better on XSX vs PS5. XSS is going to be likely much better probably in the 150 watt range
XSX is still lighter than PS5 as well.
I want to highlight in this thread, for some time, we talked about in great technical detail and length whether the high clocks leading to high power consumption and therefore more cooling required combined with the heat from high SSD and supporting cooling an external SSD at the same speed as well. The XSX ultimately is a larger chip by area, 20% more than PS5 and uses less power then PS5 due to much lower clocks. Therefore it's watts/mm^2 is significantly less and provides favourable cooling advantages combined with parametric yield advantages to XSX in this case. And I think the answer is clear, I cannot see another reason here but I think this discussion around this aspect is wrapped up.
It is likely that PS5 will cost more than XSX for these reasons on a straight BOM comparison. Packaging and shipping will also cost more given the bounding box volumes above.