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Bonafide732 said:
I really dont understand why some people think its a crime for the video game industry to have a 2nd hand market while alot of other industries do have a 2nd hand market and are thriving/ maybe some of these companies need to rethink their business models.

It would have still had a second-hand market.  Microsoft was working out those details.  You would have been able to go into a retailer and trade-in a used game and you would have been able to "gift" your game to someone.  The latter wouldn't have precluded you negotiating with the person for a fee to do that gifting (i.e. they buy it off you).