It's not a dead silent console. But the sound volume should not be so noticeable that it's detracting from the experience. You can certainly hear it humming away when the ambient noise levels come down. But far from an annoying sound.It looks like the noise problem in my PS5 might be a slightly misplaced fan or a faulty one, as coil whine doesn't seem to be periodic like this. I get the feeling that if I tapped the console with some strength it could solve the problem, but I'm just not going to risk it.
I'm most probably going to send mine through RMA, though not until there are plenty of consoles for everyone (probably mid 2021).
Perhaps I should just record the noise and ask around what people think. Problem is I'm too busy playing these games...
What are you hearing?