Big, low fat, quick update
Posted by @ 6:19 PM, EST
Ok, really busy today, so I smacked together all news in one blurb and just linked to all articles with their headlines.
I will continue to be busy for the following two weeks due to finals in college:(
Also, I get tons of mails everyday, there is no way I will be able to reply to them all. And most questions are “when is the PS2 coming out?”
The answer to that question is all over our site, so before you mail, check our site and then visit the Forums and ask there. That is the best solution, since I don’t have time to answer very many mails.
Ok, here’s the mess:

SGI Japan To Spin Off Computer Graphics Division
From The Nihon Keizai Shimbun Tuesday morning edition:

"TOKYO -Computer marketing firm SGI Japan Ltd. will spin off its computer graphics division Jan. 1, creating a new operation to develop films and games using advanced digital technology, company sources said Monday. The move is designed to expand applications for SGI's computer graphics technologies.
Sony Computer Entertainment Inc. will provide partial funding and later entrust game production and computer systems development to the new company. One project will entail creation of graphics which take full advantage of the technology inherent in PlayStation 2, a video-game console featuring image-processing power superior to that of many high-end computers.
Some 30 staff will be transferred to the new company. Sony Computer will provide 10% of its 200 million yen in capital. Employees will own about 50% of the firm and benefit if it eventually goes public.
The new company will focus on the entertainment business, while SGI Japan will continue to handle computer graphics for computer-assisted design and other commercial applications."

Dino Crisis is confirmed for the PS2 :)

Links to articles from all over the web:

EA Goes PlayStation2 Ballistic
Check Out the New Ridge Racer Girl...
Fourteen New PlayStation 2 Shots

PS2 Movie: A6
PS2 News Bits
PS2 Update: Shin Ridge Racer