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Phrancheyez said:
Blame the PS3..great! And then say it's because they rushed the game out..contradiction?!

Saying it's because they released on PS3 is silly.

 

With both Lair and Haze there are signs to indicate that developers grossly underestimated the development cost and time it would take to complete the game they initially set out to produce. As a result of this poor estimate the games saw delays until the publisher lost faith the game could ever turn a profit and force the release of an incomplete game.

In my opinion, the reason these developers are going bankrupt is that people didn't anticipate that PS3 games could take 3 years to develop with budgets larger than $40,000,000; and in this environment few small developers can survive.