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It depends on who you're talking to. Some people who say that are referring to standout retail exclusives, which the PS4 does lack, but those same people are often overlooking the fact that the Wii U didn't start getting those kind of exclusives until recently and the Xbox One is also lacking such titles. Though I'm sure people from both fan bases will try to hang me for saying so.

Then there are some people who say it just to be spiteful because their preferred platform is either behind or on the brink of being there. So they take the argument above and expand it to the idea that the PS4 doesn't have any games at all worth playing. I actually got into an argument with one such individual who tried to convince me that Call of Duty: Ghosts and Battlefield 4 are more Xbox One games because it gets the expansion content first. Yet when I pointed out that Assassin's Creed IV and Watch Dogs will have content that you get first on PlayStation 4 and that you may not be able to get at all on other platforms he dismissed that idea and avoided the topic any further.

The only halfway objective argument someone can make about the idea that PS4 "has no games" is that it has no retail exclusives that stand out right now. Games like Sound Shapes and Flower may be PS3 games that they ported up, and those aren't going to sell consoles by themselves, but it's certainly a good deal for someone like me who never owned a PS3 that those games are now on PS4 as well. Then there are games like Injustice and Trine 2 where if those games are factors then you may not want to buy an X1 over a PS4 but the Wii U has those games so it may be a more attractive option as far as price goes assuming you're looking to move forward and don't want last gen consoles.

Then the console has Free-to-Play games if you're just starting out and don't have a lot of money for extra titles and Resogun, a digital-only exclusive, definitely surprised people by how well it turned out. In my experience it's mostly people just acting ugly over how things are shaping up with some people legitimately wanting good retail exclusives and not seeing them. There is plenty releasing for the PS4 this year so I don't think it will take very long for both camps to be silenced.