hedwards: No, you're refraining from tearing through it because you have nothing.
Oh fine. I was tired, but whatever.
Minecraft not only competed, but trounced many AAA games in terms of sales and popularity. It did so on a shoestring budget. Why? Because there was clearly a desire for the gameplay it offered, and AAA developers were not capitalizing on it. Super Meat Boy is one of the best selling games on the XBLA, far and above many non-indie XBLA games because it catered to a difficultly level that AAA games did not. Braid was the fastest selling XBLA game when it came out. Amnesia made more than enough money to continue developing new content without a publisher.
There's dozens more examples and it all came down to filling a niche, whether it be genre, difficulty level or maturity, that was not being delivered. All were largely self funded, which meant publisher interference to make sure the game appealed to the masses didn't interfere. That doesn't mean that AAA games can't deliver on these same kinds of niches, but many don't get the chance due to external pressure.
MS, Sony, Nintendo? Yeah, not indie because they aren't self funded, because that's how the stock market works. They answer to investors, so they have a vested interest in minimizing risks and sticking to what works. They also have intense bureaucratic corporate structures to keep everything running. They get money, and they answer for that money whether it disappears or multiplies. Valve? Valve is a major anomaly due to their lack of corporate structure and bizarre success with Steam. I don't think you can give them any other label than "Valve" honestly, but you could make an argument that they are indie in a way.
Maybe most indie games are crap. Most games in existence are crap no matter the budget. Yes, nobody with large amounts of external corporate funding contributing to the development of the game can be indie, because then they must answer for that money and therefore aren't independent. That's pretty much the only solid definition there is. It's the
exact meaning of the word independent. It really doesn't amount to any more than that
The only reason it becomes a bullshit marketing label is because people treat it like one. Sometimes it gets challenged by people like the AssCreed 3 producer who considered his team of 600 to be indie because it "had an indie feel", but that AssCreed 3 producer is an idiot.
So no, I don't have nothing. It's such a ridiculous statement I shouldn't even have to refute it, but there you go. Consider yourself refuted.