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Horrorfest said:

Probably because Sony isn't in the best financial situation and continues to spend money on The Last Guardian which has been in development hell for YEARS but somehow another promising project gets the boot. This coming from someone who loves Team Ico, considers Shadow of The Colossus one of the very greatest games of all time and was looking forward to The Last Guardian until I realized it probably won't ever get released.  Not to mention another thing which I haven't seen anyone mention, is the fact that God of War Ascension underperformed considerabily compared to God of War 3 so both Sony and the Santa Monica took a hit as a result that may have helped lead to a deathblow for this project, though I REALLY hope this isn't the case.


How do you know it's promising? You don't know anything about the game.