Beamer wrote on Apr 3, 2013, 13:33: I remember that. Tim posted about how difficult the economic realities of running a studio are. People flipped out and said he was an asshole because they didn't understand what he wrote.
I heard about the Looking Glass guys playing UT on their last day because they told that story in the context of that quote. As in this is a game we loved and admired so much this is what we chose to go out with. And then the quote. I guess they didn't understand what he wrote either because they were bitterly disappointed. Whatever truth there may have been it was still tasteless so soon after the closing.
It was a right idea conveyed incorrectly. Genius level computer programmers are rarely very tactful. Pretty much true for all.
His idea is right - there was a big change brewing and companies that didn't make big selling games couldn't afford to continue big budgets.
His opening statement, however, that it wasn't a sad day but an economic reality is unfortunate. It was both.