Is the videogame market heading for a 1982 style crash?

Lets look at the facts:

• A console with outside-market appeal, selling like hotcakes.
• The majority of titles for said console being generic crap or poor quality, just to cash in on the fad.
• Games being rushed out before they are finished.
• Games being over-hyped only to turn out to be severely lacking in quality upon release.
• Blatant fucking lying by game and hardware developers alike.
  
• Developers gaining a stupidly high opinion of themselves, and moaning about the criticisms of the gaming public, who, in the end of the day, pay their fucking wages.

As a player of games since the very early 80's, I'm starting to find it very, very hard to justify buying any of the shit that's getting pushed out now, and I know I'm not alone.

...and if so-called "hardcore" gamers are beginning to feel that way, who's going to keep the market going when those "blue ocean", fad-following, Wii buyers realise what they are playing, for the most part, is a sack of shit, and chuck their consoles in the bin?