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Wow Spider-Man 2 doesn't appear to be Insomniac's next game. Though I'm always down for Ratchet and Clank and if they are making a new Ratchet, that'll get me very interested in buying a PS5.
Edit: Also does it feel like that Ratchet and Clank the IP has established itself as a series that has to be on a generation of PlayStation? Every PlayStation console has had a Gran Turismo and Everybody's Golf (or Hot Shots Golf) while dating back to the PS2 there's always been at least 1 Ratchet and Clank and God of War game for those console gens. Again this game may not even be Ratchet and could be a whole new IP, but it feels like Ratchet has a rare status amongst Sony IP's to have 1 game or more on every console gen since the series' debut.
Seriously my son and I were talking about this event and he said I hope they show a new Ratchet game. I told him I figured that won't happen any time soon since they are working on Spider-Man 2. I would be more than ok being wrong on this!