I
posted my rationale in the Psychonauts thread last night after watching this. While a lot of the video is preying on the worst case scenarios and 'corporations are bad mentality,' it does have some validity. My heart really wanted to invest, but I just don't think the risk is worth the reward, especially considering all that has changed in gaming since 2005.
The general public doesn't support cartoony action platformers anymore. Those of us that do care are a dying breed. The few similar under-performing releases like Tearaway and Puppeteer prove that. Plus the vast majority of those digital sales, which make up the majority of the originals sales figures, are cheap impulse buys mainly purchases through Humble Bundles or the rise of Steam long after the game released. I don't think that's in anyway indicative of the demand for a sequel, and many of those sales may not even be there the second time around.
I played with the numbers on fig a lot, and while I'm in no way shape or form a businessman or savvy investor, my head had to overrule my heart. More power to anyone who wants to take that risk. I'd love nothing more than to see Psychonauts return as a success that makes everyone a nice chunk of change. I just don't see it happening.