I think only 2 of their dozen attempts at resurrecting PC gaming have involved them actually publishing games. They just launched their Games for Windows marketplace recently, so we'll see how that languishes and becomes soon-forgotten.

If they would have done things right from the beginning and stuck with it, they would be where Valve is already. But they approach PC gaming like a fly-by-night operation. They come in, try to impose their will on everyone, while only offering things that benefit themselves, and then when that fails, they disappear. Then they come back with another scam and the cycle repeats, almost like clockwork.

343 is in its honeymoon period right now. They're fucking around with Waypoint and anime, but sooner or later, they have to make a game. And if they screw that up in any way, be it critically or commercially,, I can see "Restructuring" in their future.

Do we even know for sure that Bungie will hand over Reach's/Halo 3's administration to 343i? I don't see any reason Bungie couldn't handle them as long as MS wants to keep them going. It's called servicing your back-catalog.