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I think we will definitely see bargain games selling faster next year. Maybe even see XBL and other cheaper downloadble titles moving units. If you look at recessions in the past - entertainment normally did pretty well because people want to be distracted from the sad things happening in their lives.

Movies might even make a rebound and start selling tickets - at the dollar theatres...

Consoles and brand new game sales will probably be down quite a bit if the economy keeps trending down.