This is an MMO so you can expect to interact with other fledgling wizards online, completing hundreds of fully-voiced quests and mastering a variety of different spells. In addition to decorating your dorm and raising pets, you'll also find a turn-based combat system which utilises cards, adding strategic depth to the battle system.
There were a number of MMOs on the PS3, including Sony Online Entertainment's extremely enjoyable Free Realms, which this author personally played a lot. Obviously, the enormous Final Fantasy 14 is very popular on the PS5 and PS4, but outside of the ongoing DC Universe Online, we can't think of many other modern examples. It'll be fun to try a new one on console when this eventually launches.