Well, it's basically all over for GAME now. They won't be stocking Mario Party 9 next week, basically putting paid to the idea that in their current status GAME could get their hands on ANY new Nintendo game. Adding onto that, they're not stocking any new EA game past SSX - including one of the year's biggest releases, Mass Effect 3.
If they can't secure any Activision stock, that's basically the majority of the publishing industry locked out to them. If something doesn't get done really quickly, GAME will probably collapse within months.