As a traditional console in a competitive market, yes it's done . PlayStation now offers their own console exclusive content, a substantial amount of third party content and now Microsoft's content at a similar price point.
The sad thing is it should never have been allowed to get to this point but it has, by a lot of people.
One thing I will give some PlayStation fans credit for is , even tho there are zealots with every brand , a fair number from what I have heard and read over the years, would call out any mediocrity or people like Jim Ryan and none of this sunshine when it's raining bullshit .