As first noted on Blue's News, a developer at Microsoft's FASA studio has revealed that MechWarrior 5 has been put on hold. A recent forum post stated, "Although an exceptional effort was made by an extremely creative and talented development team, we have decided not to continue the development of the project at this time. There were several factors in this decision, but most prevalent was our concern that we were not advancing the genre enough to meet and exceed our customers' expectations."
FASA is currently finishing up work on the Xbox game Crimson Skies: High Road to Revenge and on some downloadable Xbox Live content for MechAssault. But the statement explained that the MechWarrior franchise won't just go away, saying, "We deeply love the MechWarrior franchise, and are committed to keeping it alive. Our plan is to reinvent MechWarrior in a way that brings a fresh experience to our devoted customers and new fans alike. We would like to thank all of you for your continued support of the MechWarrior 4 series of games, and greatly appreciate all the feedback we've received on our games. We are intensely focused on delivering outstanding game experiences, and rest assured we are working feverishly on some wonderful next-generation games."
We'll have more details as they become available.