I'm glad the executive guy saw the game was crap or else it would've been another wasted Red Steel.The team at Ubisoft Paris behind the Red Steel working on Red Steel 2 for a fall 2007 release date and had the majority of the game finished, until marketing and executive types declared the game to be crap. Because of the declaration, development was transferred to another team at Ubisoft Paris, who has been forced to start work on the title from scratch (for a fall 2008 release), having to redo pretty much everything, and there has been a number of "layoffs." Development on the title is being described as a "nightmare."
Also, Nintendo really did not want Rayman Raving Rabbits 2 to come at the same time as Super Mario Galaxy, since their game had a stratosphere of buzz and the limbless guy's popular party might disrupt sales of SMG, Nintendo tried anything they could do to refuse to give their approval; for example, in one instance, they said that one of the clouds in the game was shaped like Pikachu.
It looks like there shooting for fall of 2008. Good to hear. I hope the new team won't screw it up.