Index/Atlus is saved!
Sega just bought so many awesome IPs.
Well, given that they don't trash some.
I'm sure Persona and Fire Emblem are save :P
Not happy. Even if it was the most probable situation, methinks. They had some real gems this gen, like Valkyria Chronicles or Bayonetta.
Valkyria moved to handhelds, and got a cliché school setting. 3rd one got better, but it was never released outside Japan. Also, mandatory phone/browser cash-in game that (judging by their previous efforts on that field) NOBODY cares about.
Bayonetta 2 happened only because of Nintendo - Sega wasn't interested in continuing.
Yakuza probably won't be coming to the west anymore.
And probably more. They have good people in their studios, making good games... that aren't used that well.
Maybe it'll change for some reason, now that they have Atlus, maybe not...