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Originally Posted by Kalyx triaD
That looks like the case. IW is basically dead, surprised they got to do MW3.
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They were working on the early stage of the game when the whole mess involving the former bosses and Activision started involving bonuses and other money with MW 2 sales. I think the mass exodus occurred weeks or months later.
Only reason MW 3 was finished on time was Activision committing 3 studios to work on the game (IW, Treyarch, and Sledge).
Wouldn't be surprised if IW later merges/absorbs with Sledgehammer Games to give them more experienced workers with the series.