The $73 million dollar Phantom disaster

While this isn't quite as sexy as the whole Gizmondo topple from glory, mostly because there's no spectacular Ferrari crash in Southern California at the heart of it, the simple fact that the Phantom project has hemorrhaged so much cash and still continues to exist just boggles the mind.

There is a great article on the whole situation up at ars technica, and they bring you the entire story of the "now you see it, now you ... never will" Phantom game console in three red-ink filled pages. At this rate it'd be an easy bet to take that Duke Nukem Forever will hit store shelves before the Phantom Game System, or their weird mouse, keyboard, lapboard thingamabob ever does.

By the way, Phantom stock is now trading at .0008 cents, so if you've got some spare bucks lying around, you could pick up a good chunk of the company and secure yourself a place in Suckersville.