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This practice is rampant everywhere. My buddy at Bungie was putting in 7 day a week gig's since June for Halo2. Damn near 80 hour work weeks.
One must remember however, that the game studio's sometimes (depends on title) pay a bonus based on how the game sells. My bungie buddy is about to double his salary this year with the bonus. Do the hours suck? You betcha. Will he complain when he gets a 100K bonus check? Probably not.
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Take Off Eh! 
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