According to recent rumors, game retailer GameCrazy will be closing all its remaining stores next week, as it’s parent company, Movie Gallery, has filed for chapter 7 bankruptcy, according to Joystiq. GameCrazy operates some 250 stores in the US, and has over the past few years been shutting down stores in order to cut costs.

1995 had a few entertainment flops just like every other year, but rarely do we see them combined, like the mega-flop movie Waterworld with the failed console Virtual Boy. Via Kotaku.

Above is a video from a recent Dutch special forces action where they stormed a freight ship that was taken over by pirates. We get the whole thing in first person perspective from a camera mounted on one of the soldier’s helmets.

Graphics have never been a strong side of the Halo series, and it looks like even Halo Reach won’t be pushing the limits, as the game is build on the same engine as Halo 3. However, this time, the resolution has been upped a notch, to almost 720p. The first run-downs and tests of the beta reveal that the image outputted by Halo Reach is still not a full 720p image, as the resolution is 1152 x 720 pixels — true 720 is 1280 x 720.

If we recall correctly (Wikipedia does), Halo 3 ran at 640p, upscaled to 720p. The native resolution of the game was 1152×640, so it appears that Reach adds another 80 or so lines of horizontal resolution.

However, this is no indication of the image quality, as Reach, judging from the beta, appears to render sharper images, better texture quality and generally display more eye-candy than its predecessor.

Valve and action figure maker Gaming Heads have inked a deal on producing a line of Valve collectibles, starting with Team Fortress 2′s Heavy, a 12″ figure which will be available in a limited edition (both RED and BLU team colors).

Activision and Infinity Ward have released a teaser trailer for the just announced Call of Duty: Black Ops, which will be released later this year.