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hollabackenny said:

Didn't a similar thing happen with phantom dust and now I've seen a few places say that's coming out this year?

Could the same thing happen with scalebound in a year or two?

Edit: nvm. Google is telling me that phantom dust was never "canceled" just wasn't in active development for a bit. 

Phantom Dust afaik was first planed to be an online reboot of the 2004 game, but then MS changed plans and yanked the project away from the studio they hired to do that and gave it to a different studio to make a remaster instead.

For Scalebound there is no completed vision, so if MS hires a new studio for it (extremely unlikely) then most of the code base will be scrapped and the result will likely be an entirely different game with the same title.