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FFVII was a big deal but not so much of an big deal, sure it sold 10 million units but in reality maybe a 1 or 2 million at max bought a ps one for FFVII a lot already owned a PS one before it's release and many would pick it up later that's 2% of the total userbase it's not that much in the big picture.

It is fun to go trough old magazines and you read fan's letter who give good reasons to go with Ps one.  The N64 launched later, very late and when it finally did it came with 2 games.  While Sony was like 'hey we have hundreds of games'! 'and did you know that many are available for 20$!  Tekken/Need for speed/Tomb Raider/resident Evil/Air Combat/Crash Bandicoot/MK III/Trilogy/Fifa/Madden/tennis X/ and so on....  The N64 initial sales were destroying PS one thanks to older Nintendo fans but the wait on new games hurts it sales and while eventually more games were releasing on N64 and helped it's sales the number of games on PS one was insane.   

Depends what lists you follow but we have 300-400 games for N64 and 2500-3100 for PS one.