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the-pi-guy said:

Yes. 
There's been some suggestion that Sony is reworking it though.

Despite pushing the Premium PS+ tier, Sony has yet to put out a new PS2 game. PS1 and PSP games have been the only ones launched. 

I think it's obvious they're working on it, they've even updated the PS1 emulation early on.

Now that I think about it...are there any notable releases on PS2 worth porting/remastering over that hasnt already been re-released?

Ratchet and Clank, Jak and Daxter, God of War, GTA, Final Fantasy, Kingdom Hearts, Disgaea, etc all are available on modern platforms in one form or another.

PS1 and PSP games not so much.