No... its just that Nindedo missed the boat with the N64 (released same time as PS1) and fell a generation behind.
Add to that the propriatary format they used with GameCube... provies a patter of behavior.
P.S. Simiarly... The GREATEST mistake in the PSP is that it doesn't play STANDARD DVD movies.
We like super ninetindo games Lagoon, and Dragon warrior on NES, are fun.