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Definitely not. A lot of brands made something somewhat competitive. As mentioned before they paved the way for quite a few decent kids bikes that are now available.
Check the bikes for little people thread for alternatives
psg1ben-
I'll have a look. It seems to me that the companies that specialised in 'proper' kids bikes have largely gone -Isla, Wiggins, Hoy - leaving Frog still going and a couple of others that were extremely costly. But that doesn't consider that other mainstream brands might have expanded and improved their junior offerings.
GeneralStrike
That seems to leave Frog as the last brand standing when it comes to decent kids' bikes.