Yes I'm certain there will be some great games for it. If I wanted a DVD player, I'd go buy a DVD player. There is a reason I do my gaming on consoles, and the concept of the PS2 threatens the very reason we have consoles. But yes the hype is ridiculous. Many horrible games, become best sellers.
Many fabulous games lose money and get forgotten.
It is sad. In the early years of video games, I played a game simply because I liked it. E.T. on the 2600 often heralded as the worst game of all time. However it gave me hours of gaming enjoyment as a young child. The fact that the video game industry is becoming one of the biggest entertainment industries profit wise is ruining the experience.