My favorite thing about PWRD is the international expansion. Of all the Chinese stocks, they seem to have the best prospects of being able to expand their model and distribution effectively once their next round of games (with higher quality) are released.
You can read my older posts here if you want long explanations. My opinion has not changed on the company. The only thing that has changed is that valuations got cut in half recently. If you think 6-7pe is cheap enough, then it's a buy. If you think the market crashes and pwrd could go to 5pe, then act accordingly.