Pretty much. Sony's show, when taken on its own, was pretty damn great. Nearly all of the games shown looked terrific (with a couple notable exceptions), the show had great pacing and virtually no talking, and almost everything shown is going to be out within the next 12 months, as near as I can tell. Those are the hallmarks of a really great showcase.
The problem is that Sony has been making impossible dreams come true the last couple of years and many of those super hype announcements still have yet to result in released games. Final Fantasy VII, Shenmue III, God of War, Days Gone, Spider-Man, Uncharted Lost Legacy, The Last of Us Part II, etc. So they're in a place right now where their conference kind of by necessity had to be about giving updates on major games that we've already heard of rather than dropping even more megatons. I'll be expecting a fresh batch of major new reveals at PSX and especially E3 2018 as this current crop of titles begins to finally make its way into the hands of the public. Because of that, you end up with a less "hype" conference this year. I've been kind of expecting this year to be a "let down" from Sony for a while now specifically for that reason.
Having said that, I am genuinely surprised there's been no sign of From Software all week.