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twesterm said:

I love announcements like these because it really shows the hypocrisy of some people.

Yesterday, if you asked a PS3 fan of Halo and Bungie it was they make the same game over and over again and that game sucks.

Today, if you ask that same person about Bungie and Halo, they'll say Halo is a decent game but OMG BUNGIE ROCKS!  MS IS DOOMED!

All in all though, complete surprise announcement. I assume Activision originally wanted to save this for E3 but since they have had so much bad PR lately they decided they needed something big to divert attention away from the Infinity Ward fiasco. Still, good for Bungie and hopefully good for gamers.

You can think losing Bungie is a huge blow for MS without loving Bungie games.

I think Bungie is very talented but I don't love FPS that much on consoles. No hypocrisy involved here.

Whether you think Bungie games are crap or not is irrelevant. The fact is they mattered a lot for MS as a dev.