If I remember correctly Munch's Oddysee was one of the most anticipated games for the PS2 back in the day. Those early visualizations and screenshots were really impressive for the time, and I think a lot of people were paying attention. Had it remained on that console and been given the proper resources and development time, they might have had a "console seller" on their hands.
I'm not saying it could have been as big as a Halo or Modern Warfare, but perhaps more akin to how BioShock generated massive buzz. I think this was their big moment to make or break, and unfortunately the game was dumbed down from it's ambitious ecosystem simulation or whatever to a standard adventure platformer.
It will probably take a while for something as ambitious as Munch was on the PS2 to come along so I wouldn't hold your breath just yet.
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