Hot take: I think Sony will be fine, regardless of what happened with the first State of Play.
Yea, I think the criticism is a bit too much. It's the first SOP. As I mentioned before, the first Nintendo Direct didn't really make that many waves beyond a "What's wrong with you?" meme. And I think Nintendo themselves did not necessarily intended for directs to be what they are today. It was a small communication tool that evolved over time into 20-30 minute events of showcasing new announcements/updates for upcoming and current games.
But as I also mentioned before, what made the directs endearing was Iwata and Co. being present and talking about the games, creating a relationship between the consumers and developers that has not been shown before.