I thought this was true for some time now.It is a saddening day to have to admit to you that I, Jim Sterling, am sick.
(I keed, I keed. hope you have a speedy recovery)
On topic, it's an example of how detached publishers have become from the truth of the industry. Most major publishers see themselves AS the industry in it's entirety so when they cry doom and gloom consumers are supposed to panic and buy up their games to "save the industry".
Umm, no.
What they're not getting is the following: They're not nearly as important as they think they are anymore. Smaller budget titles made by smaller studios are vastly exceeding sales estimates because they control their budget and focus on making a quality game. The big publishing arm is a relic that's struggling to stay above water. It's time to let them drown.