They haven't destroyed Red Faction as far as I'm aware. The IP still exists and is theirs as far as i know.

I can see Saints Row being snapped up by any one of EA, Activision, Sony or Microsoft and Darksiders will end up in Nintendo's hands.

I wonder if their IPs do go up for sale will any of the big three make some moves?

Yea those and Homefront. Game sold 2.5 million but i doubt if they made any big money on that. They really spend quite a lot on marketing that game. Last gen a game could sell 100,000 copies and break even and for some bigger ones it was half a million. Now it's 4-5 times that. Will be very interesting to see how easy the next gen sony and microsoft consoles are to develop and also how much do unified engined like UE4 and others cut development time. 

If the trend continies it doesn't help anyone except big AAA games. 

I blame the Wii. The Wii is the cause of all the problems in the game industry.

I really hope the Warhammer 40K IP goes to a good developer. Ideally for me it would be creative assembly at Sega or any of the good Sony studios.

THQ will definitely not come out a stronger company.  At least not an independent one:

"We have incredible, creative talent here at THQ," said THQ President Jason Rubin. "We look forward to partnering with experienced investors for a new start as we will continue to use our intellectual property assets to develop high-quality core games, create new franchise titles, and drive demand through both traditional and digital channels."

Clearlake is a "stalking horse bidder" which gives other parties a chance to provide a higher big.

What is a "Stalking Horse Bidder"?  Answer: 

"This method allows the distressed company to avoid low bids on its assets. Once the stalking horse has made its bid, other potential buyers may submit competing bids for the bankrupt company's assets. In essence, the stalking horse sets the bar so that other bidders can't low-ball the purchase price." 

That means THQ will be bought by someone.  They just got Clearlake Capital Group to put up the first bid at $60 million, so that no company could obtain THQ's assets for less than $60 million. 

As with film and music industry, at the end only few majors will remain, with few smaller companies also trying to compete. I think games industry will be fine.

Nintendo should snipe funding of Devil's Third.

No they destroyed the reputation with RF: Armageddon.

Not good 2 see :(