Do you have any clue how much the development of a game costs Jamie?
Also developers don't make much profit on a game: biggest part is going to the publisher and they happen to feel a big pain with the current economic crisis.
Personally i find games still pretty cheap. Those that complain that a single game is too expensive i have the following question:
"How come you wear $150 dollar sneakers and a $100 jeans, that last like 3 months and are developed in China for $5 each" <---- talking about profit
A good game you play for months, and some even for years. Hours and hours a week. So a calculation on the amount of fun time compared to the buy price is not even an issue imo