The bin.
It's been reported on
WarCry that Paramount have dropped Perpetual Entertainment‎ (or P2, or whatever they happen to be calling themselves today) as the developer for the product. While the current version is now basically canned, the title lives on as it seems the licence has been handed to another developer to start again with the title, but not who that is. Rumours are it's Cryptic Studios.
I'm rather pleased and unsurprised by this news - there's been a lot of eyebrows raised at Perpetual in recent months and they really didn't seem to have a clue what to do with the game as there's very little information ever given out on it.
Even if this means it gets pushed back by another year, I'd rather see that than have yet another Trek title that ends up in the "what were you thinking when you made this?" side of things. Paramount may have just saved us from the modern version of Galaxies.
