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Well, yes, obviously. But it's not that simple. A lot of the people who made Rare 1994-2001 so great had already left or were leaving by the time Microsoft showed up to overpay for the company.

That said, Microsoft mismanagement hasn't helped the situation. Rare would be far better under Nintendo's stewardship but it would still see a decline from its glory years. It's too bad Nintendo couldn't have purchased a few choice IPs and developed sequels in house.