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Rab said:

Sales allow you to buy many more games from many different devs/pubs, spreading the $$$, it's not like most of us spend less in total, but instead of just buying a few big name games, we now spend on many more games, sales give everyone a piece of the pie, instead of just the few

This is very true, at least for me. If a game that costs £40 normally is on sale at 50% its original price, I won't just take the £20 I saved and pocket it. Rather I'll just buy another game worth £20. Therefore more people are getting my cash as opposed to one group. I personally see this as a good thing.