What on earth are you on about? No-one's hyping anything. Praising a good move doesn't give them a free pass on their failings, it's simply praising a good move that makes PS Now a much more viable option for a lot of people. Sony still has plenty of work to do (particularly expanding the service worldwide and improving the lineup) but as a first step, this is great.
They're probably just referring to the first 2-3 pages of posts where people were calling this a "megaton" and insinuating that PS Now is now on the same level as Game Pass (quality of titles, quantity, and availability in other regions would have to change for that first).
This is certainly a good move, and Sony should receive praise for taking another step forward. There's also at least two things (streaming of titles and free online play) that are included that MS should consider adding (I know they're already working on the streaming bit).
All in all, this is a wonderful announcement, but some of the responses appear a little too over-hyped and eager to down play the differences between Now and Game Pass. I also feel that this announcement begs the question why Sony isn't allowing the download of PS2 titles that people already own. It's obvious that, at least for the set of supported titles, there's an emulator that works locally.