I think he's probably mostly right, but I can guarantee you that he's stretching it some when talking about PS3/360 development costs. I think he might've cherry picked some, using games that cost more than the average game to develop. Although, if you look at some of the Wii games out, I'd be surprised if they cost even $500,000 to make when all is said and done (curse you Anubis!!!!!!!!!).
I think that Reggie is talking about big titles, ones that there are some expectations for. If that's the case, I don't see anything wrong with what he said.







