Protendo said:
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It was more that the failed Sony game for the PS3 "Lair" left them in a bad position and after they lost the publisher for another one of their HD games they could not continue financially.
Some of the founders of Factor5 went on to form TouchFactor. - http://www.touchfactor.com/touchfactor-jobs.html
ot
They should have just made whatever new Turrican game they could within a budget instead of trying to recreate Kid Icarus.
Turrican is their own property and they could use any ideas they wanted, they didn't have to make it a big new 3d game either.