Whatever happened to 3do?

I remember as a kid playing those games with a kick ass green guy. I thought I read something about the company closing a while back but I loved all of their games.

The games were to expensive at the time. Not to many people could afford to pay like $100 just for one game. The system was to expensive but the games where over priced and they didn't have a big selection.

I think he's talking about the game development part of the company; you know, the one who brought us Might & Magic and High Heat Baseball, among others.