You can use this device with any usb source but you will need a USB splitter like this:
This adaptor allows the Raspberry Pi 4 to be used with an official Raspberry Pi USB-C power supply (or 5V DC barrel jack) whilst allowing access to USB OTG data over a separate USB-C connection. The barrel jack accepts 5.5 mm plugs (2.1/2.5 pin) supplying 5V.
thepihut.com
So the raspberry pi4 or pi5 can receive audio input by usb and also power (the usb c port for power is the only usb port which can acts like host).
I do not think it will work with PS5 although, because PS5 accepts DACs only when connection is set to USB 1.0 protocol. Some DACs allow you to choose between USB 1.0 or 2.0
As an alternative, you can also give optical input to the raspberry thanks to this:
https://hifimediy.com/product/s2-digi/ (it has both in and out optical)
https://hifimediy.com/product/hifime-ur23-spdif-optical-to-usb-converter/ (this is cheaper, only optical in and usb out, but it is enough)
I have the first one and it works great. Capturing optical audio directly from the TV will allow you to enjoy not only movies, but also PS5 games with a PEQ.
Anyway, it will cost you some money, more than 100 euro in total, considering all the above and the raspberry.
As last alternative… a good one… and basically same money, you can buy the FiiO KA17:
https://www.fiio.com/ka17
It sounds great to my hears (but no measurements available yet here) and it works with the PS5.
Plus:
- it has PEQ and the software works very well.
- the 3.5mm headphone jack also supports SPDIF output, letting you connect to external high-end DACs. So you can do a crazy thing: connect the dongle to the PS5 and this one by optical cable to the DX5 II, and the dongle will apply PEQ on the SPDIF, so to the DX5 II.