have to agree with you here, if your producing shit games that dont sell its pretty likely you will go under, they lost a shit load on the udraw tablet thing too, which i have to say i own and is quite good fun, but apart from pictionary there isnt a great deal of point to it.
plus they have costly licences like WWE which doesnt have the draw it used to because of stuff like UFC and lack of charismatic over the top characters that it used to have.
plus DOW2 sucks ass.
THQ actually has some good, solid games under it's belt, just nothing that releases to CoD, Mass Effect, or other AAA title buzz.
Saints Row III got released to good reviews and good sales.
Darksiders was a great rated game that sold well enough that the company backed a sequel before the game finished its first week.
UFC games scored respectable ratings and sales.
WWE games are high selling titles every year.
Dirt (their Rally games) are also highly rated and sell decently.
THQs issue was they tried to grow to quickly in the past year with releasing less then good titles like Red Faction, Homefront, and their failed uDraw tablet.
They can get back on their feet with one or 2 solid releases but we'll see what happens.