No more Project H.A.M.M.E.R.?

[diskoboy]

There's a rumor that Project HAMMER has been cancelled.. Why would Nintendo do this? They're in desperate need of some new IP's.

http://wii.ign.com/articles/796/796612p1.html
http://www.joystiq.com/2007/06/14/rumor-project-h-a-m-m-e-r-axed/

[playgeneration]

Doesn't surprise me, I'd expect the developer has been taken off the game to work on a new Wave Race game or some other old Nintendo IP.