Such a shame. I like GAME, I rely on them to trade in unwanted games for something else (I traded in NCIS game for £25 and brought brand new SR:3 for £20)
I can't see a good future for them though, they've already been bailed out, the Gamestation in my city has gone, there's two GAME shops there that might disappear and we won't be left with any shop specialising in games. The also reported having a really, really poor Christmas sale.
The only place to really buy games then (excluding on-line) will be HMV, which are shit, been bailed out and will probably close down too; not to mention the weird, shitty way the randomly price things, or the Supermarket which only stocks a certain amount of games.
I honestly hope something can be resolved, because it would suck to see them go.