A new report from Research and Markets reveals that although the video games sector is growing aggressively, competitive advantage is changing rapidly as Sony and Microsoft are in a market share war, vying to control the living room. Both the PS3 and X360 are capable of competing with mp3 players, television makers, and PCs, in addition to being a video games player.

God of War II is a combat action-adventure game based on Greek mythology. Get reacquainted with the vicious ex-Spartan warrior Kratos who, armed with all-new brutal combat moves and magic, embarks a new epic odyssey.

German Street Racing is a street racing game spread out over 5 of the biggest German cities. Select your favorite German car, tune it, race against AI or take it online, but most of all, keep an eye on the condition of your ride! This update makes the game compatible with Win2K.

Pendulo Studios is working on a follow-up to last year's hit title Runaway: A Road Adventure, an adventure game with 3D characters with a cartoon look and high-impact visual features that include 2D and 3D in an unmatchable style. Check back Friday morning if you want to sample CDV's upcoming adventure Runaway 2: the Dream of the Turtle, allowing you to check out the Alaska level.

NCsoft reported earning results for 2006, revealing that sales came to $361 million, with an operating profit of $46.1 million. Compared to the previous year, sales maintained a similar level while operating income and pre-tax profit decreased 44% and 41%, respectively. The company saw its net profit drop 43% year to year, mainly due to investment.

Dreamlords combines the accessibility of a web game with RPG character development, RTS battles and long term tactical strategy in a never before seen gaming experience.

Majesco announced that the world's most recognizable teen sleuth unravels an interactive mystery in Nancy Drew and The Deadly Secret of Olde World Park, letting fans become the teen detective in a Touch Screen based adventure.

EA announced today that The Sims is launching a new line of games, The Sims Stories. These laptop-friendly games will feature engaging characters and easy-to-play storylines that are sure to entertain both the novice and experienced player.

The Black Box PC edition includes Half-Life 2: Ep. Two, Portal and Team Fortress 2, while the Orange Box will ship for the PC, PS3, and Xbox 360, includes all the content of The Black Box, plus the original Half-Life 2 and Half-Life 2: Episode One.

GameTap announced it has signed Galactic Command: Echo Squad, a fast-paced episodic space shooter set in an expansive galaxy. With an evolving story line that is constantly changing, no two playing sessions are ever the same.