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To me this is like calling the transition from Walkman's to iPods a market crash. Yes the CD market has shrunk dramatically and most everyone downloads tunes now but the industry didn't crash.

In a similar way downloaded games are becoming the norm and disk-based games (and game consoles) are slowly becoming irrelevant. It's not a market crash, far from it. The games industry has never been so big, although some slow moving dinosaurs will become extinct in this new world.