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That ED Fries story is so old. You find old interviews from early 2000 where he stated that their should be no deadlines and games devs can ask so much time like they want. He was the nicest and most game dev friendly person at Xbox and he almost was responsible that MS killed Xbox.

Secondly publishers are easy to blame. Game is buggy blame the publishers for the deadline (even when you three years ago admitted that 3 years financial support is more than enough time to make the game). I think in the industry their are a lot of devs who just lie that they can finish a game before a particular deadline for some financial security.