No
What Sony wanted from this gen was another success like the PS2, and it is has failed miserably. The huge R&D costs could only be justified by a success on that scale. It has lost loads of market share and damaged the brand. Previously, PlayStation was the word for gaming, but this is not so much the case any more
So despite the financial failure, Sony has improved for the long term. After the slow start, the PSN service has improved massively and is now competitive with XBL. I also feel that after the failure of the launch and PR mis-steps, the PS Blog has done a great job of connecting with fans, and giving a more friendly look to the brand
The success since the awful start has been good, and model for the struggling Sony as a whole, shown by the promotion of Kaz to president (shortly)
The other positive is that they seem to have invested even more in their first party studios due to the loss of the 3rd parties, and in my opinion have produced much better games throughout SCE
So we can all agree that financially it has failed, but there has been some benefits for Sony
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