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Short Answear: Yes.

"Platinum Games have a stellar track record, and have been extremely busy of late; in the last 12 months they have released Transformers Devastation, Starfox Zero, Starfox Guard, and Teenage Mutant Ninja Turtles: Mutants in Manhatten, with Nier Automata and Scalebound also in the works."

 

In my Opinion:
Transformers was okay (not fantastic but it looked okay)
Starfox Zero & Guard = below avg.
Teenage Mutant Ninja Turtles: Mutants in Manhatten = looks below avg / bad.
Scalebound (last time we saw it) = looked very rough, lack of polish.
Nier Automata = This looks good (I think they focused most resources here)

Verdict: I think they are spread to thin atm.

 

The good news is Platinum isnt scared to put in work. I think if they just slow down a little bit, you ll see quality of projects shoot up.