Not exactly. I mean, Sony getting their asses handed to them by both Nintendo and Microsoft (mostly due to their their own stupidity) did force them to make changes that ultimately made the PS3 a good console and one could argue the lack of that pressure is actually holding the PS4 back from it's full potential but I would say PS2 was when Sony was at their best. They were winning, they had an endless supply of third party exclusives, and their own studios started making good games. Unlike the PS1, gameplay was no ;longer sacrificed in favor of production values that be dated in under 5 years. Both the gameplay and production values were there.
That was Sony at the best and they have not been nearly as good ever since.
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