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Ahhh Looking Glass...the developers of my favorite game of all time... system shock 2. Do you know what the company is called?

It's FloodGate Entertainment. I love Thief games so I am watching that company too <img src="/ubbthreads/images/graemlins/winkwink.gif" alt="" />.

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The problem with a team that splits up in this fashion is that the team synergy which produced a single superb game is lost, and hard to reproduce; so even if several of the people went to Obsidian

I tend to agree with you, mate; a good example would be Deus Ex 2: it has most of DE1 team along with some Looking Glass but, alas, it doesn't hold a candle to the first.
But fortunately, Obsidian Entertainment isn't just a bunch of beta testers for P:T; it's the whole team (at least that's what I read) which left under Bioware's wing.