@last_lap: The Dreamcast definitely had some great games for sure and had some cool features as well such as the VMU and online connectivity. However it had abysmal sales and was quite literally the final home console for Sega. Like you said it was only on the market for two years. It’s kind of the very definition of a failed system in my book.
I also put the Wii U on my list as well. It was another technically sound system that had a number of great games and cool features. Much like the Dreamcast. It had abysmally low sales and not much impact in gaming in general but was around much longer then the Dreamcast.
All these factors are weighted and have merit when considering if a system has or hasn’t failed. If not then you may as well just say that every system after the PS2 has “failed”, until the Switch outsells it if it hasn’t already.
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