Yes, I spent about 3.5yrs in it. I can't really agree with the underpaid/overworked thing; the pay was fair, and the hours not unreasonable.

I left the industry because the idea of spending 2+ years on something that may-or-may-not pan out, with no way to tell before release, was beginning to get me down.

I realize startups are sort of the same thing, but I think they actually offer earlier feedback and greater opportunities for recovery than games.