In the latest installment of our gamer-vs-gamer debates known as 2Bits, a pair of Gamertell writers ponder the possibility – and possible necessity – of a major video game industry award.

Would an awards ceremony the size and spectacle of the Academy of Motion Picture Arts & Science’s (AMPAS) Oscars be a positive and beneficial annual event for the industry or would it simply implode due to politics and overt commercialism?

Read opposing takes on the possibility (or actuality) of such an industry event…

As video games continue in their quest to achieve acceptability in the eyes of the public, their cause was bolstered by the news that more individuals engage in gaming than venture to the movies. This report taken along side continuing statements that claim the industry is thriving despite tough economic times offers enough reason to believe that the state of the video game industry is in relatively good stead.

However, with the report that it is more preferable to play a video game than see a movie and news stating that games are outdoing movies in terms of revenue, it begs the question of whether or not games should receive movie-like treatment and have their own Oscar-styled event.

I believe that the time is right for such an event.

The idea of a video game industry awards show, one much like the Oscars, is a pretty intriguing idea. Much like the Oscars, though, it would most likely fall apart due to industry politics.

One of the great things about entertainment is that some people do it simply because they love to do it. If not, they at least love to please an audience. However, with the multitudes of industry-specific awards, most of the love and life that went into industries including music, film and literature has disappeared…