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Mr Khan said:

One could argue that the end of the arcade-game epoch was due to development of those games no longer occuring, and not due to decreased demand, though i'm typing this off the top of my head and am unprepared to properly argue the point

True enough, but you can't argue against fact that the norms and trends of any culture are in a constant state of flux. Even if arcade games are as long-lasting as the ancient myths, we would have no way of determining that fact today. Further, even the most basic assumptions we make about a medium (such as the supremacy of tonality, being the dominant form of (western) musical expression for over a millenium) have proven to be subject of cultural subversion. Why would arcade games be any different?