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Videogames are not "recession-proof'. However they are able to absorb alot more than other industries.

This i believe is because of the growing popularity of game and the cost of games. DVD / Book-sales and very quantity based with low-prices but high sales. While Videogames cost more and therefore sales do not need to increase as much to generate growth. Add to the mix the growing popularity of expensive games such as GH and Rockband and game sales can DECREASE but REVENUE (which the industry is measured by) can still INCREASE ...

... ohh and don't forget the fact that hardcore gamers usually buy a shitload of games and this year has a alot of good games coming out ...