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Legend11 said:
I believe it may have been Ubisoft that said the next generation of games could cost over $60 million USD. There are only a few developers on PC with that kind of money to spend on development and they seem happy with graphics that don't even push medium range PCs.

There are only a few developers with that kind of money period. Andmost of them need to target both the HD consoles and the PC to make their money back.