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Legend11 said:
It's strange how graphics suddenly stopped mattering once Nintendo decided it couldn't keep up with the graphics arms race. Before that I remember Nintendo fans comparing Resident Evil 4 on the GC to the PS2.

Also it's more about price than graphics suddenly "not mattering" anymore. Lets be honest, if the PS3 and 360 were $200 they'd be selling a lot more, does that mean that graphics suddenly started mattering or that a lot of it is the actual price?

And about the gameplay over graphics, everyone wants good gameplay it's idiotic to think otherwise and it's idiotic to think that developers have to choose one or the other or that the more you put into one the less you get of the other.

If the PS3 or 360 were $200 they would have graphics in the same realm as the Wii's.  The graphics obsession drove the price of those two systems way too high while also destroying the bottom line of their corporate divisions.  As a whole this will also eat away at the profits of 3rd parties as has been seen with several missed profit estimates (not to say no company can make money, on the whole).  Most of the huge expensive games are coming in the next few months so we'll see how many more missed profit estimates follow in January and April.  At the least it places the companies at greater risk since a $20+ million game flopping is going to hurt a lot more than a $5-8 million game flopping. 

By the way, graphics stopped mattering when 2 of the big 3 decided you had to pay over $400 to play games that still don't look as good as my PC does and when a new way to play games was offered.