So there's been a recent thread about losing interest in modern gaming and while I agree that last gen was the worst in overall quality, there's a few genres that last gen was better than all others, and that's just about anything third person or first person. The reason I'm not including the Xbox One and Wii U is because the PS2 was so dominant and had so many great games, whether they were exclusive or multiconsole it doesn't matter, and the PS4 seems to be picking up where the PS2 left off, something the PS3 failed to do. Don't get me wrong, PS3 was a quality system, but it doesn't seem like it lived up to the PS2 the way that it seems the PS4 is going to.
Speaking exclusively of retail titles, the PS4 has had a slow start if you compare it to the Xbox One, as most of the games on the PS4 for the first year are also on the Xbox One, and between both system, there are some games that are on the PS3 and 360, but if you ignore that and focus on what the systems did have during that time, they've so far fared far better than the PS360 of last gen in the same period of time. The popularity of the PS4 seems to have uplifted Japanese developers to put more faith into console titles again, where many of these games were pushed towards the wayside and developed exclusively as handheld titles that never made their way west. Additionally, many of these developers are not only developing console titles(and handheld versions, yay for Vita,) but these developers are also localizing these titles by the boatload.
The thing about the PS4, just like the PS3 before it, is that the quality of third person games for the PS2 in comparison weren't very good at all. You did have games like Shadow of the Colossus, Devil May Cry 3, and God Hand that are timeless, but then let's use other games for example. I like King's Field 4, Evergrace, and Forever Kingdom, but compare them to the Bloodborne or the soon releasing Dark Souls 3. Compare the Max Payne 1 and 2 to Stranglehold and Vanquish on the PS3. Compare Just Cause 1 to Just Cause 3, etc.
Another thing is, the quality of the average game right about now is pretty high. Your average RPG now days isn't as bad as some of the worst RPGs on the PS2 in most cases, even if they're not the quality of some of the best, while racing games and shooters, regardless of what quality they are, they're reasonably good if you can purchase them at retail, if not great, and better than much of what the PS2 has to offer in the same genre. Destiny, Battlefront, Siege, The Crew, etc, games that push what's pretty much an online only focus is hopefully not the direction that gaming is headed to, even for these genres, specifically because Destiny, and from what I've heard of The Crew, are both excellent games. Destiny could have and should have been a offline solo only experience for when online servers are shut down, but it's not, and that is one thing that I am disappointed about in this genre, same goes for what I've heard of The Crew seeing how much I really love the Test Drive Unlimited series and this is from the same developer.
For those of you who think gaming is dead at this gen for collector's, I just want to point out just a few games that could easily make you change your mind.
Helldivers. If you're a fan of top down shooters like Smash TV, Total Carnage, etc, then you should definitely look into this game. This is easily one of the most enjoyable and best in the genre and has had a retail version released for the PS4 with all of the content included on the disc as well as a voucher that includes a PS3/Vita version of the game and all of the DLC digitally. The game has online cross play for all three consoles and it has four player local co op. Additionally, it's playable offline even if it doesn't seem like it is. Similar to Smash TV and Total Carnage, this game is also brutally hard and there are 12 difficulty levels to turn it up even further.
Divinity Original Sin. This isn't really a game that you wouldn't expect to hit consoles and it's a bit better on PC due to mouse control, but it works well and is an amazing game. Local and online co op were actually added into this game, both PC and console versions, to two different people to control part of the party, each doing their own thing in the world. One person might be shopping and collecting quest details around town while the other person is exploring a dungeon or completing a story event. This is a very good, very difficult game, with a bit of a steep learning curve, and takes a bit to get into the game due to the massive amount of quests you can pick up early on. The quests within this game have well written dialogue and the player actually has to put forth an effort to complete them rather than the mundane fetch quests of an MMO.
Shovel Knight. As a fan of platformers I feel this one is pretty overrated, but it is a fairly good game as well. Has a decent amount of stages and does a fairly good job at mimicking classic platformers of the past. Apparently there's more content to be added later, but the retail version of the game includes the original story as Shovel Knight and an additional story as Plague Knight as well as a bunch of challenge modes.
Bloodborne and Dark Souls 3. As a fan of FromSoftware, I should be glad that Demon's Souls is the breakout game that put this developer/publisher on the map for the more mainstream hardcore audience. Most games that they develop are great games and now people are finally seeing how good of a developer they are, even if they still aren't for everyone.
Transformers Devastation and Teenage Mutant Ninja Turtles Mutant's in Manhattan. I've only watched gameplay of Transformers Devastation and haven't purchased it because well, it's an Activision title and I guarantee I'll get it for $20 or less sometime soon. I missed a sale on it during Black Friday so I'm still waiting. Anyways, it's clear that this game is a hidden gem and Teenage Mutant Ninja Turtles will be as well. If it wasn't obvious with Platinum Games developing it, it's DMC with Transformers with a loot drop system like Diablo.
Earth Defense Force 4.1. If you've ever played an Earth Defense Force game with a friend you'll know how enjoyable these games are. This is another I haven't played, but this is a remake of EDF2025 for the PS360.
The list above is just some hidden gems of the console with how long it's been out. It's not counting the more mainstream titles like The Witcher 3, Just Cause 3, Mad Max, Assassin's Creed Black Flag, Batman Arkham Knight, Dying Light, Watch Dogs, WWE 2K16, Dragon Age Inquisition, etc.
Finally, the PS2's first couple of years were pretty slow too. Most of the stuff was exclusive and not multiconsole between the competitors, but still a very slow start. I'd say the current line up on the PS4 or the Xbox One has more quality than we saw in the first two years of the PS2. Give it a bit longer, especially when the Japanese really start pushing out releases once they finally completely pull away from last gen.