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Nintendownsmii said:
Many of them went to form ArenaNet (ie GuildWars).

And we all know how well that game did. And the big talent didn't actually go there (maybe big names but not the talent), a lot of them went to a studio in Austin that I can't remember the name for the life of me.  Red 6 or something like that, been too long since I thought about it.  I just remember their booth at GDC.