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Groucho said:

I'd like to point out that Haze and Lair were fully funded by their publisher (Sony). Factor 5 and FR apparently have just been unable to sell another IP to *any* publisher -- thus they are going under.

It has nothing to do with Sony, or the PS3... except that the games underperformed early on (which worries publishers, who are very finicky). If F5 and FR were clever businesses, they just wouldn't pitch such high-end titles to publishers, and would secure themselves a deal -- maybe several.

Bad business on their end.  They just couldn't roll with the punches.  Lair/Haze kept them in business for a long while.  That whole time they should have been selling other ideas to other publishers.  If they didn't... well.. belly up.

If they needed to find other deals to survive. Then obviously Lair or Haze did not sell that well either. (compared to it's costs ) Else you would atleast have some breathing space.