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Ultima X Odyssey Cancelled on GameSpy has news that the upcoming Unreal-engine MMORPG set in the Ultima universe has gotten the axe. Word is there will be no layoffs associated with the cancellation, as the staff from the project are shifted to Ultima Online. Further: "A spokesperson said the game was cancelled so Electronic Arts could focus its resources on the existing game, including a new (and as yet unannounced) expansion pack that will be officially announced later this month at EA's upcoming press event."
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