THQ boss Danny Bilson recently took to twitter to deny reports that the Volition developed Guillermo del Toro collaboration Insane has not been cancelled in the wake of THQ pulling out of financing Devil's Third (Valhalla Studios).
We haven't heard anything from Insane for quite some time, and it is entirely possible that THQ are looking for someone to bail them out of publishing that game as well. But at least it is still in development. For now.