Can we panic now? — Core gaming has a problem

THQ layoffs, Sega cancellations, and Sony studio closures caused last week to be one of the worst in memory for the gaming industry. Compare that to mobile darling OMGPOP which was sold for $210 million based on the strength of one game. It seems like one side of the market is on its way down, while the other side has nothing but growth ahead of it, but that isn’t necessarily the case.

Sonic CD blasts onto console and mobile today

Sega of America has announced that Sonic CD is now available across a multitude of platforms today. Originally released in 1993 for the Sega CD, this version of Sonic CD ┬ácomes boasting both the Japanese and US soundtracks, and the exclusive ability to play as Tails, Sonic’s flying sidekick fox. The game will likely appeal to older gamers who are nostalgic for the games of their youth.

This week on Xbox Live: Expansions for Battlefield 3, Assassin’s Creed Revelations, and Gears of War 3

Microsoft has expanded Xbox Live to enable new entertainment options such as YouTube and Verizon’s FiOS TV, but the bread and butter of the Xbox 360 remains games.┬áThis week will see a slew of attention-grabbing new content on Xbox Live for some of the year’s biggest titles. Battlefield 3 finally gets its Back to Karkand expansion, available for $15, or free to those who purchased the Battlefield 3 Limited Edition retail package. Gears of War 3 kicks off its 12 Days of Gearsmas celebration with the RAAM’s Shadow campaign. You can read my review here. I didn’t like it. And Assassin’s Creed Revelations receives the first of several content bundles with the Ancestors Character Pack, which adds a few new faces to the multiplayer.