http://uk.wii.ign.com/articles/946/946028p1.html

here a brief some up of the article

Leaked footage is real
- Leaked footage of going from ground to air space to orbit will be turned into a cut-scene
- Unclear if the project has been moved to Rebellion
- Wasn’t the development team’s fault that the game was taken away
- Might not have been LucasArts’ fault either - might be because of the economy and was an expensive project
- Game was in development for more than 18 months, was very close to completion
- LucasArts never told the dev. team when the game was going to release - Might have been because they didn’t want The Force Unleashed “contracting” with” Battlefront III
- Multiplayer mode was apparently very well developed
- Not everything from leaked video was single-player footage
- Critical reception of Haze may have also been a reason why the game was taken form Free Radical
- Timesplitters 4 has not been picked up by a publisher - consensus that Americans wouldn’t want to buy it
- More work from Timesplitters 4 shown to fans would impress - “The technology we were developing specifically for Timsplitters 4 was streets ahead of what you see in Battlefront III. Streets ahead. The art and the environments really are stunning. Head and shoulders above what you’re seeing in Battlefront.”
- There’s a possibility that Free Radical will survive

- Critical reception of Haze may have also been a reason why the game was taken form Free Radical

wow... I know this is just a rumour, but that would be a pretty big slap to the face..

They should release TimeSplitters 4 on Xbox 360, PS3, Wii, PS2, PC, PSP & DS.....then they could at least turn a profit.