After the initial load the travel of data will be way aster even compared to SSD but it doesn’t fix the others issues.I mean if you got 64GB ram or above you could just page the whole game onto RAM, so it's not really an issue if you are rich. A flex
Data still needs to be copied from SystemRAM to VRAM by the CPU and the decompression needs to be done either by CPU or GPU.
To work like PS5 it needs three hardware parts on PC… unified memory pool, DMAs to copy data into memory without use the CPU and a decompressor chip that decompress without CPU/GPU.