They tried to do things the right way, investing in great games and cool ideas (which to be fair, didn't always line up... looking at you, Homefront).
Sadly, they picked the wrong time in a generation to make the switch from a company built on licensed crap to a company built on great games, and they flubbed a few major gambles.
Hopefully the companies that picked the bones will do right by the developers they picked up. If Sega fucks up Relic, I will fly to Japan myself and burn Sonic in effigy outside their headquarters.
Oh, and Ubisoft picking up South Park and THQ Montreal? Awesome. Granted, it's a little hilarious that the original AC lead is back making games under the Ubisoft banner, and a little scary to think how much of the game development scene in Montreal Ubisoft has their fingers in. Still, they know their shit, and I have great hope for both games.