Sony isn't, you can buy the titles as well, only digitally(still not ideal if course, but let's keep facts straight). And their selection is still very limited(50 odd ps2 titles and another 50 between ps1 and PSP combined)...
That's a fair clarification; some of their titles are indeed available for purchase, I was being far too general. As I've highlighted, though, prior purchases - like my PS1 classics from PS Vita - don't carry over, even for the same titles.
Current emulators yes. But Sony's older efforts(on ps2,ps3 and PSP/vita) were best in class for compatibility, and even today homebrew still isn't at that level.
We just took it for granted back then that commercial emulation would always be so good, but that didn't stick.
Actually, you might not be aware, but Sony actually shipped consoles like the PS2 with PS1 hardware inside - it wasn't technically emulated. I believe that's why the PS3 hardware revision had to drop backwards compatibility - they needed to get the cost down, and had to remove the specific hardware. Microsoft, however, has always employed software emulation. Their OG Xbox emulator released for the Xbox 360 is actually pretty special - the emu scene was behind it for years - and Microsoft got it running on a 360!
Ps1,ps2 and psp are universally enhanced yes(resolution, texture filtering, performance/ load times).
Ah, apologies then, I must have missed those additions. When I played at the initial launch of the subscription service, the PS1 games were all stuck at identical presentation to their original release - and some were even stuck at PAL framerates! Glad they've improved on that, that was a really shameful launch. I'll be sure to double check that kind of stuff moving forward.
... The more advanced mods would be nice to see (though most can't be universal, like 16:9 hacks), especially HDR support to get CRT emulation/feel, but alas...
Most certainly, but that stuff is to me a bit of a "nice to have". Higher resolutions, better frame rates (without breaking the game), and better load times - those are the default "no reason not to" features, at least for me.