It is. I don't know what OP is on about, but load-times on the PS5 are practically non-existent for me. Played the latest Horizon game, and on loading screens I can't even read the first few words of the game-tip. It's never longer than a second, if it's not instant.

It’s a lot faster than the PS4 but it’s still slow in comparison with Switch games. It’s understandable given the difference in file size/game “quality” but I don’t want to wait more than a few seconds.