While it's true that the PS1 handles perspective projection through the GTE (as the GPU is a primitive rasterizer, after all) I don't think it's fair to call it 'faked 3D' since, in my understanding, 3D projection is another fundamental stage in the graphics pipeline (our displays are 2D grids of pixels, so we need to transform the 3D world into something it can be displayed there). Other consoles like the Nintendo 64 provided more capability on the GPU side (the RCP) which allowed to move part of the matrix operations away from the CPU chip.
Be as it may, I've seen the 'fake 3D' claim before and I'm starting to wonder if I'm missing something in my understanding of this technology, maybe someone can offer a third opinion?
P.S I'm the one that wrote https://www.copetti.org/writings/consoles/playstation which is referenced at the bottom of the article (the 'Other reading'), I'm glad the author found it helpful (or interesting)!