Finished this tonight and had a great deal of fun with it, certainly more fun than I ever had with RE7. It's also the first Resident Evil game (that's not a remake; I finished RE2 Remake and RE3 Remake) I've finished since original Resident Evil 2; although I played quite a bit of Code Veronica I never finished it and I haven't played the other games.
I played the game on standard difficulty and the only time I died was during the Moreau ruined village, where you have to run to the second windmill to get the crank, and that's mostly because I couldn't suss out what the game wanted me to do and I paid for some risky behavior while trying to dodge Fish Mo. So I agree with the general sentiment that if you want a classic RE seat-of-your-pants experience, bump the difficulty.
The story element where "Surprise, Spencer learned his craft from Miranda and was inspired to start Umbrella" was a bit hamfisted but I was not incredulous or anything. It was just kinda... okay. I was sufficiently whelmed by this 'revelation'. If it did anything, it made me go look up Resident Evil history through a wiki since I've missed so much of it. There's a lot of stuff I missed! But now that I'm caught up I will say that despite the good time, I think I prefer the tone and tenor of the earlier games. Based on the ending, I assume we'll be getting another "Winters" game, unless they button that up in DLC.
I played on PS5 and there were virtually no load times. About 8 seconds or so from the PS menu to the game menu, loading into a game takes about a second, saving the game takes less than a second, etc. The power of the next gen systems (so far) really lies with that internal storage; if there was any loading during the game proper, I couldn't detect it. And the adaptive triggers on the DualSense added a certain depth, where each gun felt different, especially Chris's Dragoon where each "pop" of the gun could be felt while holding the trigger.
Beautiful game, by the way. Gorgeous. They can do some amazing stuff with the RE Engine.
I unlocked Mercenaries so I guess I'll give that a go for a bit before hopping back to Returnal. Overall, very satisfied, and curious about whatever the DLC will be.