i kinda thought it was a failure too, but that did not stop me from getting it and playing the majority of my games on it.
To me it was a success because i really enjoyed the games it provided for me, i am not a young gamer.
id say it is better than the ps2 for a guy like me.
RESIDENT EVIL 4 ROCKS
(EDIT thought i might dig up this ancient thread because it still shows some value on opinions and it did not recieve that much attention.)