Actually, as much as I'd like to join you guys in UBI-hate, there doesn't really seem to be a reason here. The studio was formed in 2005 and they attached themselves to UbiSoft in order to get funding to make a game. The collateral for the game? The company itself. Four years later, the game hadn't been made, so UbiSoft got the development studio. To my knowledge, they haven't yet delivered a game. They were working on a Smurfs game and some Wii Sports title. Doubt that they were exactly AAA titles.
Now, I know that games take years to develop and that over one hundred people at one point worked for Action Pants, but on the surface, this seems to me to be a 3DRealms type situation. Most publishers aren't happy when shovelware takes 6+ years to make.
That said, I still will never, ever buy an UbiSoft game on my PC. As silly as it sounds, I write UbiSoft about the situation. Despite all common sense to the contrary I *HAVE* gotten replies from developers and publishers before about my complaints, and I don't mean form-letter retorts either. Mind you, it's usually from devs saying "Hey, not our choice, trust me, we agree with you, but the publishers are the ones with the money". Of course, UbiSoft isn't one of these companies. But I *LOVE* AssCreed, and I'll be damned if I won't play it on my 360. I love showing horrifically immoral companies my middle finger by not buying their stuff, but I have limits. Plus, of course, I think the devs deserve the sale, so for me, playing it on the 360 is an acceptable compromise.
Point being... this studio doesn't seem to have produced a single thing over 6 years and thus... I can't *REALLY* say I blame UbiSoft. I know that's only the surface story, but still...