Yep. There was some trepidation early on when KZSF turned out to be shit, and they had just infamous and DriveClub in a very weak first year. But Bloodborne came out soon after in March 2015, and then E3 2015 blew everyone away and more importantly showed everyone that the dearth of first party games in the first two years was a temporary thing. E3 2016 set the stage for the rest of the gen too.
And that's the biggest problem. They have shown nothing. Well, nothing except for that trash GaaS CG filled conference last year. By 2016, we knew GOW, Days Gone, Spiderman 2, Detroit, TLOU2, Death Stranding, GT7, Uncharted Lost Legacy, and horizon were on their way. That's 3 years after launch of the PS5 and we knew the rest of their slate. We had seen them. we are now 4 years after launch, and other than DS2 and GoT2, we know nothing.
And even those first few years where games like KZSF, DriveClub, Infamous, The Order and Until Dawn didnt exactly win GOTY awards, they delivered incredible industry leading graphics that made us feel that our $400 purchase was worth it. This gen? Maybe Demon Souls? HFW cross gen. GOW cross gen. GT7 cross gen. Spiderman 2 looks better than Spiderman 1, but not a KZSF holy shit moment, and we definitely havent had DriveClub or The Order caliber graphics this gen. At least not from Sony.
And thats what people mean when they talk about that edge. Sony first party led the way last gen in graphics, storytelling, setpieces and just overall next gen holy shitness. This gen not so much. It's more of the same. Safe, formulaic, run of the mill games.