We were all looking forward to seeing what the game Fable Legend will have to offer when it arrived so we were shocked when Microsoft decided to close down Lionhead Studio along with Fable Legend.
It was later suggested that while the studio might still be closed down by Microsoft, the game might still make it. New reports suggests that the other publishers were all willing to buy Lionhead Studio and continue the development of the game but that might not happen now.
It seems as though Microsoft is not willing to sell the Fable IP. Without the Fable IP, the publishers were no longer interested in buying Lionhead Studios.
Well, that might suggest that Microsoft might still want to do something with the game which means we could still see it in the future. Of course, these are all just rumors so take it all with a pinch of salt if you can.