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There was a report on Yahoo that said it was one of the top 5 most over rated Xmas toys.

They recommended getting eye of judgement instead.

I dont think its a flop however. It was never going to be a hit in the first place. Its a niche product that will sell about 0.5 to 1 mil LT.

From memory one of the review comments was "Gets old really fast, maybe eyepets are just for Christmas !"