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Yep PS2 is freaking wonderful.
I normally don't like MP fps and this game has sucked me in.
SoE did a good job.
Actually, the bar was set by the original Planetside way back in 2003
But that game never "swept the board" due to a number of factors. It was subscription only and required a fairly decent PC to play well. And good internet speeds and bandwidth availability was not in every western home in those days.
And because the original Planetside was a "niche game" for SOE, it was treated like a red-headed stepchild. The dev team was limited and so were the ongoing development efforts. It lived in the shadow of EQ, EQ2 and SWG.
PS2 is getting the flagship treatment at SOE. It's the "proof of concept" game for their brand new Forgelight game engine. It's the first SOE AAA game designed to launch as F2P. They have a whole lot riding on the success of this game.