Big Microsoft first-party title canceled, high-up exec on the way out

1up Yours this week (11/09/07) mentions a couple of "hot rumors" near the end of the podcast. Here are the transcripts from the relevant segments in the podcast:

Shane: I won't go into exacting detail because these rumors haven't been confirmed but they're definitely swirling around. They're probably gonna break next week. So a preview of what you may be seeing next week. A big Microsoft first-party title that has been in the works for a very long time that people are very excited for, sounds like it's being canceled. And a Microsoft executive who's pretty high up, who's been a voice for the company, sounds like he's on the way out. (1:58:11-1:58:37)

Simon: How solid are these rumors? (1:58:46-1:58:48)

Shane: I would give these rumors like a 97-percent chance. (1:58:50-1:58:55)

Notes:
• The voices are host/EGM editor Shane Bettenhausen, 1UP Network VP of Content Simon Cox, and Jane Pinckard of GameGirlAdvance.
• The source link downloads a one-minute MP3 file, which is cut from the original podcast and contains only the relevant segment.
• For the full podcast, please see first alternative source.