It hasn't meant the decline for pc games which require online. The problem comes in when a come is focused on a single player experience (except for total war games, they will sell well regardless). Games like Wow and its expansion have sold like crazy, fps's like hl2 epi 2, crysis and the new ut will sell like crazy also. Don't worry about pc gaming, its here to stay :)
On topic, its great news for 360, and its looking like 360 is becoming a very nice console choice this gen
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