Um...
no.
There is still no 128-bit architecture.
I don't think I ever heard anyone say this irl.
Actually, Sony marketed the hell out of the PS2 as being a "128-bit Machine" because of the Emotion Engine. I read about the "128 bit" PS2 (and sometimes GameCube and Dreamcast) *all the time* back then.
All of the big magazines and websites ran with it. The "bit wars" were still very strong, but I think the oXbox's release finally put a damper on all that, and it was dropped with the following generation (thankfully).
With just a few minutes of googling you can find all kinds of stuff.
IGN, 1999: "PS2: PLAYSTATION 2 LANDS WITH A SPLASH" - "Sony Computer Entertainment Inc unveiled to the world the most powerful game console to date, a 128-bit backward-compatible, DVD-based machine currently called the PlayStation 2."
"Sony PlayStation 2 128-Bit Machine - It's Go Time!"
http://www.superstreetonline.com/features/0009-sstp-sony-playstation-2-128-bit-machine/
Referring to "Sony's 128-bit Emotion Engine CPU"
https://www.eetimes.com/document.asp?doc_id=1143021
"PlayStation 2 to Reach 128 bits?" - Gamespot, 1999, "the chipset will run internally at 128 bits and could give almost unlimited power to game developers."
PC Magazine, Oct 2000, Referring to GameCube as "The 128-bit gaming console is the company's answer to the Sega Dreamcast, the Sony PlayStation 2, and the upcoming Microsoft Xbox."