The project, now codenamed Kestrel, had to change direction "due to uncertainties in creating a successful game to the rapidly changing free-to-play market and associated risks."
The studio says its free-to-play co-op shooter's development is moving at a faster rate, but still remains in the proof-of-concept stage.
Codename Vanguard and Condor are in the proof-of-concept stage with the former making "good progress" since the last quarter.