They had all those games after the Sega CD, 32x, and Saturn failed. The Dreamcast was great but because of prior failures they tried to beat Sony to market with

They had all those games after the Sega CD, 32x, and Saturn failed. The Dreamcast was great but because of prior failures they tried to beat Sony to market with in-between specs and were therefore easily out-marketed when Sony started hyping their PS2 like crazy.