Square Enix announces as a result of a bad fiscal year for the company (loss of almost $198 million) it has cancelled a lot of unannounced games and projects as part of their new plan to "a tightened selection standard regarding title lineup to strengthen the revenue base of the Company’s digital entertainment segment."
None of the titles cancelled were major or Triple A titles but were seen more as potential money wasters than contributors for the company this upcoming year.
Adding in the effect of the recent earthquake in Japan forcing some Final Fantasy servers to be shut down and the loss of monthly subscriptions also were a factor in the decision.
http://gamrfeed.vgchartz.com/story/8...nounced-games/
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Sony announced another set of games will be getting the HD collection/remake treatment on the PS3 and this time it will be the God of War games from the PSP series. Included in the collection will be God of War: Chains of Olympus and God of War: Ghost of Sparta.
Also announced by Sony is the newest firmware update for PSN that requires mandatory password changing in order to use PSN once the service itself goes back online in the near future.