I'm going to
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have to say
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that after playing
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some of the
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best games from
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both systems recently
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the playstation is
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practically unplayable
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because of how
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bad the loading
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times were.
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Basically, from what I have seen many of the best N64 games play well enough that they could be released for the Nintendo DS without any modificiations while receiving decent review scores and sales; in contrast, with the exception of a handful of games for the Playstation, even the best Playstation games would need major rework to be equal to the worst Nintendo DS games on the market. The Playstation did have more games, but I think that if you played them again you'd wonder how you ever played those games in the first place.
Edit: Its not just the load times that you will be shocked by with the Playstation, I got the feeling while playing a lot of games that they were all designed to be super-cool the second they were released ... The "Amazing" cutscenes, plots, sound-tracks and pretty much everything about the game will give you this oddly embarassed feeling like going through a picture album of how you dressed when you were 13.