Great thread!
I have a lot of conflicting views about the crash. I agree with those who said they didn't really notice the crash. I was 14 at the time and while I was aware of it, I was moving into computer gaming. At the time, and even now, it didn't seem much different than the usual generational shift. I somehow went from an Atari and an Intellivision right to a Coleco Adam. Back then I didn't care. There was a wealth of cheap games available and I continued expanding my basic programming skills. Looking back, the best part of the system was the printer and built in word processing. My school reports and homework from then on letter quality typed. The printer was kind of a clunky bear. It would shake and move across the table as it printed. Since the power cable for the whole system was loosely plugged into the printer, it often powered off while printing out a long report. Amazingly, I didn't have any issues with with the hardware except for the power cord coming loose from time to time. I was lucky that the wonky tape drives never failed. Most of my favorite gaming experiences with the Adam cam from the vast library of arcade ports on Colecovision cartridges. Mr Do, Spy Hunter, Turbo, Time Pilot, Cosmic Avenger, Frenzy, Looping Lady Bug, Q-Bert, Zaxxon, and many others. As a consumer, I have fond memories of the crash, looking back, I realize it was a terrible event, but maybe a necessary one. Then in the summer of 1985 I went from "Wow, look at all these cheap video games" to driving to Bazaar of All Nations mall to even find a video game for sale.
Then towards the end of 1986 I had a NES, SMS, and Tandy 1000 ex. The gaming buffet hasn't stopped yet.