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Ali_16x said:
Why do people keep saying it's dead now? Did Microsoft come out and announce that its been canceled or are people just assuming this from the story. Because I remember Microsoft saying the game was still in development when the story broke about the Studio closing.

it's not officially abandoned, but if this story is right the remake-like project got axed for a few (let's say 3-5) million dollars missing in dev budget to fully realize it, so it's a bit hard to see them using an even higher budget for a complete reimagination of the franchise into a full priced mainstream release - they could turn it into a regular card game or something else without complex 3D graphics on a slimmer budget

edit: damn there is so much more to this article/story than those few lines in the OP indicate