I like how some people are trying to spin this a Microsoft trying to be a company that makes good business decisions.
I'm conflicted. While I think the industry overall is far too conservative as far as taking risks, I can't fault a company from shying away from projects that get out of control from their budgets.
Looking at this quote:
There's games that had a $10 million budget and had a champion and ended up the budget was $60 million and it shipped."
If I'm spending money on a real estate venture, and the guy who is making repairs quotes me a figure and it keeps growing and growing as the project goes further along...I'm not going to have a good feeling about that. If at the end, I end up having to commit six times the resources that I thought I was going to, that sucks. If that was me, I would never want to do business with them again.
Just because it is a large corporation doesn't absolve that. When you look at Microsoft, you go "Oh, well they are a big company, they can afford it", but when you look from the perspective of the mid-level manager at Microsoft who has to justify it (and will lose his job if it doesn't work out), it looks like a lot more reasonable decision.