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CPA here:
S corps require you to take a salary and file a separate return. If you chose to use a payroll service (highly recommended) the increase in costs to you will be around $2,000 or so (also recommend having a professional do your taxes).
Break-even for this is around $40,000 net income, assuming you're taking a salary of around $24,000 or so. Also, if you pay your health insurance for yourself and your family through the S Corp (allowed, fully deductible) it will be included on your W-2 as wages and "gross up" your officer compensation.
Your officer compensation is listed separately on the 1120s, and the IRS is starting to aggressively examine these. You are allowed a return on your investment in the form of net income, plus earnings on your employees and inventory. It's late and I'm rambling, so maybe something more coherent will come out tomorrow.
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Blistex, in regards to crappy games -
They made pong look like a story driven RPG with a dynamic campaign.
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