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I think PC gaming is rising again, and this hypothesis will be proven or disproven over the next 6 months.

EA started putting more resources in the PC because they also saw the cycle I think.

The two key metrics will be:

DA:O sales data when available, I think PC sales will outdo console sales for this game. It looks to be a decent console hit, so if PC sales are on par or surpass... that will be a good thing for the PC platform. EA at least will then continue investing significant resources in the PC platform. Early indicators are good, if the game was a flop there were plans in place to lay off Bioware staff frm the non-MMO studios along with the other 1500 who were let go. Instead, all the teams even the smaller more esoteric ones like the toolset team are still reportedly intact.

BF:BC2 Launch this March. BF2 was the last megahit FPS on PC that I can recall, selling around a million and a half in the first week or two. I do not know lifetime sales, but considering they still patch it every year or so and it has had 2 expansions... one would presume it to be in the millions. BF2 launched to a very mature PC install base cycle, the P4 was aging fast and the game was playable on the ATI 9800 series cards... Now after several years, we are finally in the apex of a new hardware cycle - C2D/8800GT cycle. Can BF:BC2 replicate BF2's success?

I think over the next few months people will forget about all the PC doomsaying and pretend like it never even happened. Analysts will latch on to the same logic I have used, and act like they knew it all along. We will see though, I could still be wrong.