Most of those same arguments can be made for Netflix, but it's a lot less expensive to buy a DVD or Bluray to get around that restriction for the shows that matter to you. I think most people who are serious about movies have some kind of collection of physical media.
I know that leveraging that kind of control over what games people are allowed to play and keeping their hands in players wallet at all times pulling out cash at regular intervals forever is where Microsoft wants things to go for everyone, but it'll feel like a massive loss as someone who loves games and enjoys the fact that when the mood strikes me I can pull out my PS1 and replay Symphony of the Night or even my old Atari 2600 and play a game of Night Driver or Riddle of the Sphinx. As long as the hardware holds up I can enjoy my old games or loan them out to friends and family (props to old hardware by the way, most of my old consoles including both the Atari and the PS1 are still working fine while I'm already on my third PS5 controller).
I'm with you on the quick resume feature though. The PS5 actually had that when I got it, and it was handy, but they removed it in an update for some reason. I'm guessing it was either breaking saves or it took more effort to keep working with new titles than they wanted to expend.