Attack of the Cell Phones
Don't forget cell phone games as a way to break into the industry. They may not be the latest and greatest, but since cell phone technology is limited, you'll have a chance to work on old-school games, like side scrollers and puzzle games. Personally, I think those genres are being forgotten too quickly in the next-gen, "it's gotta be 3D" console world, but perhaps I'm just getting old. :-)
Another bonus of the less complicated technology is that the jobs usually don't require expert assembly knowledge, or even prior industry experience. Unfortunately I don't know many people who have worked on cell phone games, so I can't say whether the culture is more or less insane than in the more traditional studios. It's just one more opportunity to keep in mind.