Liam Robertson, the investigator for DidYouKnowGaming and writer for Comic Book and Nintendo Life, who leaked that Scalebound would be cancelled before MS announced it, has posted a new video about the revival rumor:
Summary of the video from Era:
Neither game is likely to come back.
Project HAMMER was a mess of a project that caused so much damage there's no reason to dig it up.
Robertson can't talk about Scalebound in specifics because of legal issues. *Clarified here
Platinum has unannounced projects and pitches but Robertson's has heard nothing that has indicated Scalebound.
The decision to cancel Scalebound was a mutual one between PlatinumGames and Microsoft.
One of the biggest reasons it was cancelled was the tech could not run the vision for the game. Bringing it back on even weaker hardware seems a strange decision.
Scalebound was a very personal project for the team. Picking it up when many folk who worked on it have left (and apparently more are planning on leaving) seems against PG's studio culture.
Rumor that Platinum has shelved a major project recently because they couldn't staff it. They don't have the manpower for another big game right now.
No reason for Microsoft to sell Scalebound as it would do damage to Microsoft. Showing that they were incapable of making the project happen but NIntendo could.
Robertson heard Nintendo and Microsoft are working on big things together.
Doesn't think PlatinumGames has the money to buy Scalebound.