I don't understand why people keep talking about an industry crash. What we're looking at is the potential for a large-ish number of lower profile failures, like the TurboGrafx abroad, the Jaguar, the Lynx, the 3DO, et al. from the late 80's to the early 90's. Doesn't a "crash" usually denote, y'know, high-profile failures?
This looks more like the Cambrian Explosion than an extinction event.
This looks more like the Cambrian Explosion than an extinction event.