My PS5 died a year and a half after I bought it, and Sony wants $229 (almost half of what I initially paid) to fix/replace it? And according to Reddit, this is a very common thing?

I guess this is where PS5 sales come from now? I miss the days when the Xbox had the red ring of death and Microsoft replaced them years after the fact. Clearly this is premature hardware failure due to Sony screwing something up when building these.