AAA games are those that are consistently well received by reviewers. Basically it's the top 2% of all video games. While it's true these games often have comparatively large budgets, it is not a requirement. Darwinia for example is a AAA game with presumably a modest budget, where as Driv3r is pants (and received horrible reviews, despite Atari bribing everyone and their mothers), although I'm quite sure it's budget was several orders of magnitude larger than Darwinia.
indie term
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