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You can argue whether or not it is a good thing or not, but one thing you can definitely say about this era is that the industry has way more money than it ever has before.

I mean, some games are even reaching into $100,000,000 dollar budgets. Certainly you can make a good game without such a massive budget, but you have to admit those kinds of monies allow for experiences in games that have never been possible before--particularly in terms of scope and detail.