On the latest version for PS4 i cannot access the PlayStation Network. So cannot access the minecraft store or edit the profile. I verified i was connected to the network and my PSN account is activated. I'm subscribed to PS plus.
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How can you say it is a PlayStation bug? Did you try to reproduce it on a PS4 with latest Minecraft ?
As i explained i'm connected to the PSN with my account, any other game can use PSN and works online. Only Minecraft cannot go online.
Minecraft shows a button that says "Login to PlayStation account" but when clicked it does nothing. So it is an issue related to Minecraft or to how Minecraft interacts with the PlayStation OS. I just installed the game and it shows this issue, that prevents going online.
It is a severe issue so i would appreciate a more collaborative reply that just a simple and unmotivated statement.

Also i would like to understand better how it is meant to work. In the past i think there was a login mechanism to link the PSN account to the Microsoft account. This seems to be gone now, and only the PSN login is available.
Is this expected? I think the online documentation still talks about linking the two accounts.

Hi, I am sorry you are having issues with Minecraft and PSN. It seems others have been having the same issue.
I'm afraid this has nothing to do with the Minecraft Launcher, which is an application on PC to start the game, so I will go ahead and close this bug. See MCPE-58464 for possible fixes to your problem and how other people with the same issue have approached it.
This is PlayStation bug. Not Minecraft bug