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Tbh I think the rumoured Retro project is being converted into MP4 as the were rumours it was a sci-fi game that was claimed to be several things from Star Fox racing to a Metroid/Star Fox crossover. The most recent rumour was back in 2017 were it was claimed their project was a new FPS, we know Retro submitted a demo of some sort to take over MP4 and it's not uncommon for studios to do spiritual successors of their prior work as Prime itself is the spiritual successor to Turok coming from the same team. It could be that RS took the opportunity to regain some favour from Nintendo after their dispute with Tanabe years back by offering to save the project and convert their own work.