Another one bites the dust.

Expect to see more annoucements like this
“Commenting on the cancellation of the game, studio manager Adam Waalkes said “Our goal with ‘Mythica’ was to create a truly innovative massively multiplayer online role playing game. While the game looked ready to deliver advancements to the genre, after careful evaluation of the MMORPG landscape, MGS has decided to stream-line its portfolio, making fewer investments in this genre. After a rigorous review of current and future projects, the decision was made that Mythica would not be one of the projects we would continue to invest in.”
Translation – The market is too crowded and we were going to get our a** kicked by WOW anyway.
Well at least uSoft still has Halo and The Ensemble products and money to buy more companies.