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HoloDust said:

Crash of '83 was very localized, and while current situation with oversaturation is somewhat similar to it, distribution model is completely different for it to repeat itself. Steam is just to big for it, in addition to most Steam hits not even being AAA.

I think what will crash is the majority of AAA publishers. Ubisoft is already well on it's way, EA is essentially just a Football game developer now, and so on and so forth. They're simply not needed anymore and slowly go the way of the Dodo.