Yea.... That's a very succinct way to put it. Although I don't think they got it wrong it's just... Well you know that saying, "They got the cart before the horse?" Well, they did that but they didn't finish building the cart yet either.
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Haha. I think they got it wrong. They were afraid take risks to continue being a leader. They protected their cash cow. Status quo is not what we normally associate with Bungie