The Adrenaline Vault News has posted the news that Revenant's planned 3D action game Akolyte, has been cancelled. Here's a bit of the announcement:

The Adrenaline Vault has learned that Revenant’s 3D action game Akolyte has been cancelled. According to our source, the development team has separated after an arrangement with a major publisher did not go through in the time the team wanted to have a deal in place...