I'm a bit surprised by all the dismay. Yeah, I agree that the premise behind both of these games had a lot of potential, but most games start out with a good premise. What sets the good games apart from the bad games is how well the developer achieved their goal. The only thing we were told about these games over the last 2-3 years was their premises. We never actually got to see any progress toward the goal, which most likely means that little headway was made. It also probably means that the studios behind the games probably weren't given a very substantial budget anyway. Basically what I'm saying is that these games were not far along at all and we really have no idea whether they would have been able to live up to the original goal. Therefore, this isn't a big loss.
My Top 5:
Shadow of the Colossus, Metal Gear Solid 3, Shenmue, Skies of Arcadia, Chrono Trigger
My 2 nex-gen systems: PS3 
and Wii 
Prediction Aug '08: We see the PSP2 released fall '09. Graphically, it's basically the same as the current system. UMD drive ditched and replaced by 4-8gb on board flash memory. Other upgrades: 2nd analog nub, touchscreen, blutooth, motion sensor. Design: Flip-style or slider. Size: Think Iphone. Cost: $199. Will be profitable on day 1.
