No where as good as the 980 Pro at $261.43 but this one will likely actually ship. Amazon.com are currently showing a US$60 coupon for the Crucial P5 Plus 2TB bring the price down to US$244.01 + US$8.85 shipping to New Zealand + US$37.93 GST = US$290.79. Amazon conversion results in NZ$447.01. This is for the SSD sold by and shipping from Amazon.com. Note delivery estimate for normal shipping is currently 28 February.
If you've never dealt with coupons on Amazon before, below the price you should see
Coupon ☐ Save an extra $60 when you apply this coupon. Terms
You need to tick the box to the right of the coupon tag while logged in. The coupon should be added to your account and applied when you check out. If you don't see the coupon I suspect it's either expired or not available to you for some reason. Note that although the details call it a BX500 1TB coupon, this seems to be just poorly named generic coupon rather than an error, as the BX500 1TB receives $10 off from the coupon. You can only use the coupon once so can't order two in an order. Not sure if you can make multiple orders on one account but you will need to pay more shipping.
The P5 Plus is a PCI-express generation 4.0 SSD. This means it should work with the PS5 and it should also exceed the read speed requirement (which at the moment doesn't seem to matter). It has DRAM cache and uses Micron's 176 layer TLC flash and proprietary DM02A1 controller. Has 5 year 1200TBW warranty.
Performance wise, it's complicated, in many tests it seems to be below most high end 4.0 drives e.g. the WD SN850, Phison E18 SSDs with the same Micron 176L TLC (e.g. Firecuda 530, Kingston KC3000, MP600 Pro XT) and Samsung 980 Pro. But it does do well in PC Mark 10. See e.g. https://www.tomshardware.com/reviews/crucial-p5-plus-m2-nvme… and https://www.tweaktown.com/reviews/9992/crucial-p5-plus-2tb-s… Note when looking at reviews or comparisons, make sure you're looking at the 2TB drive as the 1TB is somewhat worse as it has fewer dies.
It seems somewhat less efficient than the WD or Samsung or even the Phison E18+Micron 176L so may not be the best idea for a laptop. Good thing is I think in pretty much all areas besides efficiency and price, it should be the same or better than the best PCIe 3.0 drives like the Samsung 970 Evo Plus (old or new) or Hynix P31. This is disputed for the first gen PCIe 4.0 drives (Phison E16 + Kioxia 96 layer TLC flash), let alone the QLC or most DRAM less ones. You can get 2TB Phison E16+Kioxia 96L for US$30+cheaper (before GST and shipping) but I'm not convinced they're a good buy compared to the 970 Evo Plus (even if it weren't cheaper, which it is) even for a PCIe 4.0 system except in special cases (e.g. PS5).
I mean, I would think that this would be a better buy, no? https://www.amazon.com/Sabrent-Internal-Extreme-Performance-…