The following post is from a topic that I started on GameFAQS, but I'd like to put it here as well so it reaches the maximum audience:
I'll keep this short, but if you want some insight into the game's actual development, then head here: http://vimeo.com/59510793
I'm always on the lookout for revealing stuff about EM2, but this one really is a gem. Not only does it give a detailed description of how the game was animated and produced, but also allows us to discern more about the scrapped portions of the game. Listen to Prescott's dialogue at 2:49 in the video. Does he ever say that in the game? No.
It makes it sound like you were going to find out more about the whole 'TV show' thing and the World of Evil, but, as per the norm, it was truncated.