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just teasing, but Rare really was a special case,

It was an older studio that grew together with Nintendo and they built that relationship over many years & were both well organised.

Is there a Western studio that has had a long standing relationship with Nintendo or has a culture that would mesh well with them?

 

Also, as people have already mentioned the technology of today is a lot different as is the budgets and the overall market they sell to. 

Square also had an outstanding output of games on PSX* but it would take loads more money and man power to recreate that today.