All I know is that Banjo-Tooie, Perfect Dark, Conker's Bad Fur Day and Star Fox Adventures all released just before the buyout, and those are some of the greatest games I have ever played; either on par or greater than their early work, in my opinion. Sure, some long-time employees left the company but to me the quality remained.
It should be noted though that Rare indeed ARE relevant even these days. They even made the XBL Avatars and are making million sellers for the Kinect. As far as we know Rare could have been less relevant these days if Nintendo kept them and their employees kept leaving the company. Microsoft could afford hiring new game developers to replace those who left the company, Nintendo might not have bothered.
Who knows, really?
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