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Looking Glass Studios was the only game developer that could rival Blizzards game quality. They're long gone and no one else really can make games as great as Blizzards because they have eager publishers that interfere and push the product out the door and onto shelves way too early. Blizzard is it's own publisher, which gives them the opportunity to fool around with things like balancing, bugs squashing, and fun factor whereas other developers don't have that sort of time and have to resort to last minute lazy patches.
There really is no company that can compete with any game genre Blizzard enters. They've dominated RTS's and hack and slash with Diablo and they're about to dominate the MMORPG scene because I doubt SWG or EQ2 will be any good. If Starcraft: Ghost is done well it could even put MSG, Tenchu, and Thief to shame.
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