Sony is promising a "new era of gaming" as the PlayStation 5 goes on sale in Ireland today.
The console is several times more powerful than its predecessor and is able to handle higher-quality graphics.
It was first released in the United States and several other countries last week and has so far received positive reviews from critics.
A number of websites have crashed this morning in response to demand for the console including Harvey Norman in Ireland and GAME, Tesco and John Lewis in the UK.
Newstalk’s Technology Correspondent Jess Kelly said the console is really worth the hype.
Speaking on Newstalk Breakfast she said: "A few weeks ago, we were talking about the release of the Xbox and while that was exciting, I think I am more excited by the launch of the PS5.
"They seemed to have reimagines the console a lot more, the controller is completely different, they have beefed up what it can do.
"It has motion sensors, it has a touchpad, it has incredible speakers that make the entire gaming process a bit more immersive.
"We have waited so long for a new console from Playstation and I can guarantee you that the PS5 does not disappoint."
Christmas
Jess recommends the PlayStation over the Xbox for gamers this Christmas.
She said: "It's more exciting, some of the titles they have are more exciting.
"They have two different versions of the PS5, there's the one without the disc drive and the one with the disc drive, similar to what Xbox have done.
"If it was me, if I was trying to buy one this morning, I would get the disc-less one, the one without the disc in it, get my hands on it and have a very merry Christmas.
However, Jess said she fears it may be "like trying to catch smoke" to buy one of the consoles.
She added: "I've been scouring the internet this morning trying to source them.
"Different websites like Harvey Norman and Smyths say they will have stock but it will be only available online.
"The advice is do not go to stores today looking for these consoles, open all the usual retailer websites, and refresh like you're trying to buy Westlife tickets back in the day."
