Video Game Nerd and Wedbush Morgan Securities analyst Michael Pachter is predicting the video game market to show incredible sales numbers this year — more specifically a 50 percent increase over last year. The boffin’s forecasted sales for 2007 are $555 million USD compared to $369 million USD last year.

Gamers this year have sucked on the teets of titles such as Guitar Hero III, Halo 3, and Call of Duty 4. The milk money that flowed out of Guitar Hero III’s swollen breast accounted for over $100 million USD in sales.

Pachter also predicts that the Wii will continue to lead the market in hardware sales, stating Wii will stand at 450,000, PS3 at 125,000 and the 360 at 325,000.

Basically, Guitar Hero III + Halo 3 = huge e-boner.