Nintendo's Loss: Foretelling Widespread Panic?

Further proof that the video game industry is not recession proof (and that consumers are scaling back on even small luxuries). Bear in mind that Nintendo has had the best-selling video game console since the Wii's debut and they're reporting an '08 profit 150 billion yen less than they what they previously forecast. Meanwhile Sony, maker of this game generation's worst-selling system, is expecting a 150 billion yen loss.