Apparently
WorthPlaying thinks so. They just put up their next preview of Planetside (their 2nd, I think) with a bunch of screenshots. It's a long but good read.
Ever since the FPS genre has been introduced people have been looking for a game that would have hundreds and thousands of players fighting against each other, wishing for such large-scale battles that most people thought that a game that would cater to it would never be realized. Battlefield 1942 tapped into this wish, but even on the biggest Bf1942 servers the player count peaks at 64. With the development and implementation of Sony Online�s PlanetSide, large scale battles of thousands of foot soldiers and vehicles across vast continents are no longer a wish, but rather a dream come true.
You can find the rest of the preview & the screenshots
here.