Moonshot Games, the studio that was formed by ex-Bungie developers, has announced that the game it was previously working on, titled Fallen Frontier (which was announced back in 2011) is not a cancelled project, unfortunately.

However, the studio did announce that it is working on a new game for the iOS called Third Eye Crime, which is a stealth based puzzle game. It releases this Spring.

“I’ll be writing a post on FF in the coming weeks, but the short answer is, FF is not going to happen,” Damián Isla, Moonshot co-founder wrote on the official Moonshot Games blog. “We’re pretty bummed, of course. We’ll tell as much of that story as we can at some point.”

It’s a shame about Fallen Frontier, but the info they’ve revealed on Third Eye Crime sounds interesting.

What do you guys think? Tell us in the comments section below.

[Polygon]

Moonshot Games is an indie games studio led by: Michel Bastien, who was a producer on Halo 2 and 3, Damián Isla, who led Halo’s AI design and Rob Stokes, who was a design lead on Halo 3 and a designer and writer on Halo 2. The team have now announced their first game; a 2D side-scrolling shooter called ‘Fallen Frontier’. A very small Q&A was published on the Moonshot Games site stating that they are aiming to have the game released within the first half of 2012 and that they are hoping to release it on Steam, XBLA and PSN, though the title is currently without a publisher. See the announcement video above for a brief idea of the story and some early gameplay footage.

Thanks to Gamesradar for the info.