The market isn't going to crash like it did back in the mid 80s (and even then, it was only a partial crash that mostly affected the console and arcade markets, as PC games were still doing pretty well). It might hit a slump (like the movie industry), but I see absolutely nothing to indicate an upcoming crash.
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Eventually people WILL get sick of the many Doom 3 clones with extra polygones.
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Just like people here got sick of the many King's Quest clones with extra colors, right?
Though if you could name some of the "many" Doom 3 clones I'd be quite interested.