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For anyone saying China won't pass Japan in the next 2-3 years:

Japan:

Japanese Console Games Revenue in 2007: $3.2 billions
- Down 1% compared to 2006

China:
Online Games Revenue in 2007: $1.7 billions
- Up 71% compared to 2006

Packaged PC Games Revenue: N/A
- Up 56% compared to 2006

Expected Online Revenue in 2012: $6 billions
- 29% Annual Growth

 

http://www.mcvuk.com/news/29249/SPECIAL-REPORT-Japans-2007-market-stats-in-full

http://www.gamespy.com/articles/871/871244p1.html