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Seraphic_Sixaxis said:
OMG!!! That guys Hair cut OWNZ Drakes ASS!

Sad, this game looks like an uncharted rival! ... why did this halt for again?

That's probably why right there.  Why release two games that are eerily similar to each other?  And considering Team Soho's past work, it makes sense that Sony went with Naughty Dog and Uncharted between the two.

In the end, the game was probably canceled for a mix of three reasons - 1. It looked like Uncharted: Los Angeles, 2. Sony has way too many shooters coming from its internal studios, and 3. Sony London are hard at work on Home, SingStar, EyePet, and other PS Eye titles (probably some stuff to use with the Wand), and Sony figured resources would be better spent on these projects instead.

However, I'm hoping production was merely frozen for the time being, with the possibility of Sony London returning to the project at a later date.  Of course, putting a game on hold for a couple of years and then returning to it can fuck up development.  Instead of taking a creative hook and running with it, you have to try and get back into your groove after a long break, and sometimes it just doesn't happen.  Just look at other games that were put on hold for long periods of time, like Too Human.