When we use the acronym PS in this forum, we are usually talking about PHANTASY STAR, just like when we say WOW it is for WOW Entertainment andnot World of Warcraft.
I think this is typical of Yu Suzuki, all his emphasis was on technical aspects. This is no where near as good as PS2, 4, or even 3.
As much as I like Yu Suzuki I had to admit his games lack the fun aspect of other games, for example Virtua Fighter may have had the best technology but Tekken has always been more fun.
This game aside from lacking character icons and potraits lack depth, and have that singular Arcade feel of doing the same thing over and over with ranging difficulty.