Definitely a terrible launch... but at this point launch software doesn't matter. That's actually my point, people still talk about the DC as if it just came out. Now that the dust has settled, the DC is nothing compared to the PS2. Most DC games have even been ported to the PS2. DC was good during its heyday, but now it's nothing more than a obsession for those dedicated to it.
The PS2 should be regarded highly. You can play tons of games from many consoles on it, while still enjoying great exclusives on a budget. The PS2 is the essential video game machine for everyone interested in the hobby.