The game company behind Kingdoms of Amalur: Reckoning, one 38 Studios, has suffered a critical existence failure. This leaves their major backer, the state of Rhode Island, with control of the company’s assets and intellectual property. So now, one of the smaller states in the union is in the game business. The lesson? Do your homework, and don’t be seduced into spending more than you can afford on an MMO. CNN has the story.