The warning signals are out and they do not bode well for 3D TV or 3D film makers.

Having already invested billions, electronics manufacturers, production companies and Hollywood are bracing for a win or lose jackpot.

But what’s at the end of the rainbow may very likely turn out to be fools gold.

A report by the Financial Times yesterday pointed to a nervous set at Hollywood as many of the 3D releases simply flopped. The hype of Avatar, Alice in Wonderland and Clash of the Titans did not spill over to releases like Cats and Dogs which was panned by critics.

Overlooking the constraints of consumer spending in an economic downturn, 3D movie releases demand a 50% premium over 2D ticket prices. What are they thinking?

Short term vision has blurred reality as greed set in. 3D is a dimension looking for an audience that exists for the short term ….. until the novelty wears off.

And while Hollywood sits on the edge of their theater seat, companies the likes of LG, Sony and Samsung dove into the third dimension with huge investments in hardware.

Gizmodo reports that the sale of 3D TV units in Japan are not up to par. One year into marketing the units, prices are down by 20% and sales are not nearly predictive of a viable market. Yet the manufacturers are blindly predicting "millions of sets" will be sold in the coming year.

Say it often enough and you might come to believe it's true!

IDo believe in 3D, I DO believe in 3D, I DO believe in 3D ......

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