It could just be a way of stopping people accidentally partying up with friends on PS5 while it isn't supposed to exist yet.
It would need a more general bool than that...which I presume is enforced somewhere else if this was some secret box that shouldn't cross play with others. Every party member has a bool that says if crossplay is allowed, so I guess in that case, for that platform, they'd just set it to false.
But this extra boolean is very specifically about just making sure PS4 doesn't cross play with a Xbox or 'Erebus'. It seems like maybe a slightly redundant, 'extra' check. You could read into that what you will, but if it's deliberate, a extra mutual exclusion between those two platforms and PS4, I'd say it points away from it being a Sony machine.