In response to the report about Microsoft's cancellation of Conquest: Frontier Wars and the subsequent assignment of the development team to other projects (story), Digital Anvil has issued a press release stating that Digital Anvil is looking for a new publisher of the game, which is "a few weeks from completion." According to this story on GameSpot, they may even try to publish the game themselves, but it's not yet clear how the team's reassignment may affect this. Here is an excerpt from the full press release:

Microsoft and Digital Anvil have agreed to allow Digital Anvil to pursue another publisher for its real-time strategy game Conquest: Frontier Wars. This decision does not effect Microsoft's ongoing relationship with Digital Anvil and their other games in development.
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Conquest will be made available to other publishers immediately. A demo will be available shortly to demonstrate the high play value of this title.

DA looks forward to the success of Conquest: Frontier Wars, as it continues to work on such exciting PC titles as Loose Cannon, Freelancer, and Freelancer Online, that Microsoft will be publishing in 2001.