You forgetting that the quality of the games they've made in the past 5 years went downhill.
(With the exception of maybe Valkyria Chronicles)

No chance of a crash.

If anything, PC gaming as we know it will crash first because of piracy.

The one crash happened because

-- too many systems (there were at least 5-6 prominent console-type systems vying for shelf space in 1983, plus at least 1-2 minor systems)

-- too many companies producing shovelware who were not developers (software done not only by movie studos, but by cereal companies and dog food companies as well)

-- the growth in the home computer industry and the sudden affordability of them placing many of them near the same price point as consoles (plus there were different standards still competing for the market place -- not just Apple II and IBM PC but Vic-20, C-64, Atari 8bit, TI-99/4A, etc.)

None of those are true now. Now if sales go down significantly because of the global economic situation, we have something else that could cause a crash. But we have not seen any evidence for this.

Mike from Morgantown

There has been a very dramatic shift from last generation to this generation. On top of that, most of the world is in a recession.

You seem surprised that there is reorganization going on among video game businesses.

I would be surprised if there was not some reorganization.

Absolutly right on that. Midway is not a good compagnie in this industry. I think Video game is doing well even with the recession

Good riddance to Midway, it's been a long time coming, but churning out tripe games for years has finally caught up with them.

The market will never crash until an evil wizard kills off every Nintendo employee, buys every Nintendo IP and doesn't allow them to ever be used again.

But even then, the Wii would sell faster and faster with the library it already has, so... I don't think a crash is possible.

PC wasn't on top until the late 90's, early 2000's. While Consoles became mainstream in the mid-80's, PC gaming only reached that status 10 years after consoles.

I've been reading about the crash of 1983, and apparently the crash helped PC gaming enter into the North-American Market and dominate the European Market:

Effect on other video game markets worldwide

In Europe, the early years of personal computing (1981–1985) were spearheaded by the very aggressive marketing of inexpensive home computers with the theme “Why buy your child a video game and distract them from school when you can buy them a home computer that will prepare them for college?” Marketing research for both the gaming and the home-computer industries sides tracked the change as millions of consumers shifted their intention to buy choices from game consoles to low-end computers that retailed for similar prices while still playing comparable games.

By 1982, computers such as the Commodore 64 and Sinclair ZX Spectrum had launched in Europe and were selling extremely well there, dominating the European games market and growing throughout 1983/1984. The significantly lower price of computer games (some of which cost just 1% of the price of a computer, due to being stored on inexpensive cassette tapes rather than the silicone cartridges of consoles) strengthened this domination and helped quickly create a mass computer games market. By the time of the 1983 North American console crash, the European video games industry was mostly computer-based and most games were made by European publishers. This allowed the European market to continue to thrive despite the crashing American console market.

http://en.wikipedia.org/wiki/North_American_video_game_crash_of_1983#Effect_on_other_video_game_markets_worldwide

The PC market made its first competitively priced entry into American society. Though many had software libraries that catered to the early gaming crowd, their educational and office software gave them an edge. Some computers, like the Commodore 64, were priced and marketed to compete with game consoles.

Although the home gaming market was weakened by the temporary death of the dedicated console, the growing PC base provided a viable replacement for home video game production by the small number of companies that hadn't left the business or gone bankrupt. Also, even though the American arcade game scene was beginning its slow descent into obscurity, arcade games were still very near the height of their popularity.

Across The Pond, the European market was not dominated by consoles at this stage, but by early home microcomputers (predominantly the Sinclair ZX Spectrum and the Commodore 64) with an outrageous number of one-person coders writing games for the far cheaper tape distribution system. These machines flourished and became the backbone of the industry for the next decade.

http://tvtropes.org/pmwiki/pmwiki.php/Main/TheGreatVideoGameCrashOf1983

PC gaming is on a clear expansion, probably growing faster than any other video game market. In China, for example, online gaming increased over 75% in 2008 alone. DFC is estimating to exist 320 millions PC gamers by 2012.

That's alot of people playing solitare.

Actually DFC only estimated online PC gamers, as in those who atleast go online to play a game.