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People use the term flop way, way too often, without really knowing if something is or not. They rush to label, usually because they're looking for childish ammunition in fanboy scuffles. The classic, "I heard some people on the forums talking about wanting it, so it's HYPED THROUGH THE ROOF," is an especially face-palm-worthy little piece of propaganda.

In my opinion, something much clearly meet all criteria, not either/or, to be defined as a flop. If there is major doubt or dissension, then it's not.