I found something that significantly helps: turn off the internet connection on your PS5. This got rid of the cursor bug completely and cut the lagging and freezing at least in half. We’re at a little over 30 hours, just barely into Act 2 and it was unbearably buggy and laggy. Now it’s totally playable, though certainly not perfect.
I'll try it when I get home to see if it helps and I'll report back with whatever.
