Over the past couple of years of watching economic analysts and videogame analysts I have come to the conclusion that the people who should be the first to admit that they're wrong are typically the last to do so ... and they tend to be the least graceful about admitting their mistakes.
By now you would think that most industry "experts" should have realized that when over 75% of gamers bought their system for under $200 in the previous generation it may not be a good idea to release a console at a $400 (or higher) price tag; that the genres and games that people fixate on actually make up a very minor portion of most gamers libraries; and since processing power has not been a determining factor in previous generations it would not be the determining factor in this generation. Rather than accept their mistakes and establish a stronger understanding of the market they will protect their egos by claiming that their views are how the industry should be, and the current state is the destruction of what is good in the industry ...
I suppose the benefit of this is that many of these analysts poor understanding leading up to this generation, followed by their childish behavior throughout the generation, will mean that we will see a whole new set of analysts in the next generation ... Who will eventually be wrong on a massive scale and the cycle will continue.
