I can agree with your sentiment. I detested the console when it came out year ago, on principle because of Sony, but got it in 2001 and found of time it along with PS3 were the two Sony really hit it out of the park with, while their even systems did little for me. I think the word you're looking for is not showing, all things considered wrong with it, but clowning. It's a true evil clowning what they did with that device.
The only hope is the progress showing each day turns into a stupid easy no-solder required hack of that thing, no lame awful retrolib needed either preferably, where you can load it up with the true classics. Then it'll be worth a benjamin, maybe.