There will soon be a transitioning from graphics-driven games back to gameplay-driven games. And since the vast majority of "gamers" these days are playing for the novelty and do not care for gameplay, they will not be making the transition once they become bored with graphics. The losses will be so great that I don't see how it could be considered anything but a crash. Now, that doesn't mean video games will stop being made all together, like some think there must be in order for there to be a crash. There will just be a lot fewer games being made during this time and their budgets will be much smaller.