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Kutaragi is overrated. He got lucky with breaks from Nintendo (choosing cartridges with the N64) and Sega's overall incompetence and Microsoft being a rookie in the business. The PS2 had the benefit of a headstart and only really had to match up against the Dreamcast (easy pickings) early on. He had his time ... it's since passed. 

Once Nintendo and Microsoft got their act together (this generation) ... they were able to chew apart Sony quite easily.