Yeah, so 33.5 does not look outwardly.
Ps4 was 1.85 and Ps4 Pro was 4.2 i.e. 2.27x
At 33.5TF, it would be 3x from Ps5. Doable.
Anyway, TF is just a theoretical metric.
My takeaway is that it is for sure launching by the end of 2024 and hence I need to upgrade my TV now to get that sweet VRR + HDR uncapped.