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For FFXIII, $120m is the entire budget of the FFXIII SERIES, not just 1 game.

Now, if MS got the rights for ports for all tentative FFXIII titles, it'd be worth it. $277m for MGS4? No way. They'd be far better off buying a new development studio for that kind of cash.

Chances of the rumors being true:

MGS4: 2%
FFXIII: 15%



Back from the dead, I'm afraid.