Techland (Dead Island, Dying Light) have announced that development of their first person hack n' slash Hellraid has been put on hold.
"In the recent months we conducted an internal analysis and came to the conclusion that Hellraid, in its current shape and form, is not meeting our own expectations for this project. Therefore, we decided the best course of action would be to send it back to the drawing board and invent our dark fantasy title anew."
Instead Techland will consolidate their resources and focus on expansions for Dying Light. Hopefully they'll return to the concept one of these days as it looked fairly promising from where we were sitting (of course, we haven't had the chance to play it so we can't really comment on the quality).