@Hudson J1e posted:
And as for the innovation in the hobby ask anyone who was around in the '70s and '80s how much innovation there was without any competition.
This is why my dad nearly threw out his entire train collection in the late 80's. He pretty much gave up on Lionel at that point, the trains got packed away and the hobby died in our house. Then in 1995 he saw and bought his first MTH locomotive with PS1 and he was hooked again. He looks back on the stuff he bought during the MPC days and just shakes his now.