Yeah jackass, just what this industry needs, the government to design some f*cked up regulations which only make money for lawyers.
Before suggesting so stupid, think first. If you could design the laws, what standard would you use? What percentage of hardware combinations does a bug have to show up on before the problem is actionable? How many frames per second is "playable", at what resolution and color depth? If something is not realistic enough? If it is not fun?
If you can't see how fucked up it would be already, consider that you are asking the government to set the standards. And what two industries would be lobbying hard to influence the standards? Trial lawyers and publishers. The consumer and the developers would get fucked.
Defective toys that can hurt childeren are recalled, but just because a toy sucks ass and your kid hates it, doesn't mean you can sue. And millions of toys break while kids are playing with them, should we clog the courts even further every time a kid drops and breaks a toy? After all, that is a fully reasonable and expected event for any toy sold for use by a child.
I don't have the time (or care enough) to explain more, so sit back and plan your lawsuit and then defense.
Oh, well a few more bullet points before I go.
If you're worried about compatibility or performance, wait for the demo. You can wait can't you?
If you want to find out about the game, use the internet. Not all sources of reviews are industry funded fuckstick. You don't have to buy the game the first day it is available.
There are tons of laws which can protect consumers. The EULA doesn't protect the industry from most of them. And it wouldn't take much of an effort for a lawyer to negate the whole thing. Contract by both sides? And for precedent, a few months back, a judge ruled the an internet company was not held liable for a violation of privacy statement set forth in their little click through. They argued and the judge agreed that no one reads the contracts and therefore they couldn't hold the company responsible for what they said in the clickthrough.
Opening shrinkwrap is not signing a contract.
Playing with yeast to help you live longer!
My e. coli cures cancer!