Really fast storage
One of the big things for both the new XBOX and the new Playstation was that they’d have really really fast SSDs
A PS4 HDD peaks out around 100 MB/s of transfer while the SSD in a PS5 can do 4500 MB/s, that’s 45x faster and cuts a previously 10 second loading screen down to a quarter of a second. If you can preload just a hair before you need the data then you’re good to go
Processors are plenty fast these days, almost all of loading times is about grabbing data off the bulk storage and loading it into the RAM where it can be accessed
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