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The announcement of the development of the Phantom games console was one of the most debated stories of 2003, with industry experts describing it in a variety of ways. Some suggested the console was vaporware, or an elaborate hoax, while others praised the proposed economic model but doubted that the company could last long enough to see profitability. The debate is about to reach its climax, as Infinium Labs, the console's creators, are about to demonstrate the Phantom Gaming Service and silen…