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Itagaki will probably go independent (along with some close colleagues), like many other renowned developers. With that kind of track record, he should have no problem securing future publishing deals.
As for the Tecmo situation, bear in mind that we only have one account (which is uncharacteristically blunt and self-serving by Japanese standards) of what happened. I somehow doubt Itagaki is faultless, and given his ego, I wouldn't be surprised if he became increasingly unmanageable/difficult to work with over the years.
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