Capcom didn't give specific reasons for the game's cancellation at the time besides saying that the project "did not meet the required criteria."

The fans who have contributed to the game's development via the section of Capcom's website are understandably upset about this. At the time of writing, the first 18 pages of Capcom's page are nothing but requests to not cancel the game in varying degrees of politeness, punctuated with a few invitations for Capcom to insert various bodily parts into various orifices. Stay classy, gamers.

Dev Room Community Liaison Greg Moore added a little more in the way of explanation yesterday:

"One of the fundamental aims of the Legends 3 Project was to provide the game's loyal fans with a level of transparency the likes of which had never been offered by a major game developer. The team developing this game provided in-depth articles detailing the various processes that going into this game's creation, from voice recording to the creation of 3D character models. They talked about the office atmosphere and all of the ups and downs of the game development process with a degree of candor that was, to be perfectly frank, often quite concerning for the rest of the company.

Why was it a concern to everyone else at the company? Because the thing is, there are tough realities in this industry that are largely left unpublicized for a good reason--because they're tough. All games go through a multi-stage approval process, but most games are not brought to the public's attention until that final approval has been met. With , exposing the fans to that process was part of the project's core concept--to show everybody what it really means to create a game. We were all in it together here, for better or worse, and now together we must accept the outcome that many games ultimately face."