I was sad to see the news from joystiq [always an entertaining read] that Studio Liverpool (formally Psygnosis) has laid off at least 50% of their employees. This economy completely sucks, which job losses across all sectors continuing to mount.
Over the years, especially in the PSX days, Psygnosis developed a lot of great titles. I have found memories of Colony Wars, Destruction Derby, numerous F1 titles that helped grow my love for the real world sport and racing simulations, and of course the WipeOut titles.
