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Rainbird said:
kitler53 said:

limitations:  QD would only be able to develop on sony platforms.

New Freedoms: much greater economic security allowing them to take bigger risks then they otherwise would be able to afford, open honest and free communication of techniques and code to really push the hardware to the fullest (i.e. ND, GG, Santa Monica, ect.), a parent that is very supportive in greenlighting, developing, and marketing the "arty", "adult", "quirky" type of games QD creates (ICO, SotC, echochrome, jorney, heavy rain, demon souls).

Risks: a culture clash could go terribly wrong.

But QD already has those freedoms. Sony will support them for as long as they want to develop exclusive games, look at what they did with Insomniac. Insomniac now has so much talent and pull in the industry that they want to branch out from making Sony exclusives, which is why they're in the EA Partners thingy now. And they're working on two fully fledged Sony exclusives at the same time, Insomniac are greater than ever right now.

was/is insomniac really in that great of a position?  they don't own any of the IP they were working on which means now as they try to move independent they don't own any of their own work.  for years and years now they've been working on the same R&C IP.  From what I read bungie is breaking from MS for really the same reasons Insomniac is breaking from Sony -- as a second party they don't have much freedom to pick with projects they want to work on.  after a while working on the same project time and time again is boring. 

basically this post sums it up very well.  there are pros and there are cons but when a studio wants to go first party it can end up very very good for consumers.  make a list of the top 10 - 15 of the studios that are making the biggest, baddest, most innovatative, most impressive games on consoles.  then make a list of all of the studios working on consoles.  first party studios are going to be over-represented on the "best of" list when compared to the "total" list and for good reason.  there are a ton of advantages in being first party especially when it comes to creative freedom.  the freedoms that come with 3rd party are more economic -- being able to sell a larger quantity of games ala CoD and GTA.