It has been a bad year or two for the MMO industry. A number of high profile MMOs closed down, and a few more are hanging by a thread. Others started with million+ sales (Age of Conan, Warhammer) and have since dwindled to around 100,000 subscribers.
What happens to the players when an MMO dies? Do they simply move on to another MMO? Do they go to WoW? Do they become fed up with the whole genre?
Losing your favorite MMO is worse in many ways than having a favorite TV show get cancelled. You can't load up the DVD and watch it all over again. When the MMO closes up, its gone. Your characters are gone. Unless someone sets up a pirate server (which is rare), its over.
How does this affect the industry, and how do players cope?