I sure as hell don't ignore it. I LOVE the PS1. Easily one of my favorite consoles, ever. It has an amazingly large and varied library of games. This was a time when everyone, big or small companies, were experimenting with games. 3D was still a new thing for home consoles, and changed the way we played and looked at games. so companies were still trying to figure out what worked and what didn't. And that made such a great, varied styles of games out there.
My PS1 collection is my 2nd largest collection, only my PS2 collection is bigger, by one game.
Great RPGs, great platformers, great shoot-em ups, great light-gun games, great racing games, and a nice selection of PS1 exclusives. It sure as hell dominated that generation of gaming. Plus that iconic controller and sexy PS1 intro screen with the synthy bass, can't get better than that.