Well, this is terrible news. Very sad news for the employees, which I hope they can find a new job somewhere else soon.
Probably my favourite MS first party studio altogether. Even if they burned out the Fable franchise (which I don't really care because Fable 2 is still one of the best games ever made, although I really didn't like the direction the franchise was going, especially with Legends), they produced some quality gems, like The Movies and Black&White.
It's also a huge hit on Xbox. Shrinking the amount of developers and games isn't never a good thing.







