Depends what you mean by 1st party cause Sony owned very few of their big 1st party studios until the mid 2000s with the exception of Santa Monica, though they published many of their games. But if we count Ratchet and Sly then yeah I would actually say the PS2 days were better than the PS3 except for The Last of Us.
Anyways I actually thought the topic was specifically about the first half of the PS3, in which case I would have thrown into the hat that people always forget how weak the first half of the PS4 was. That console killed it as a whole, but 2013-2016 only really had Uncharted 4 and Bloodborne which wasn't even Sony developed.
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