Announced in November 2007 and planned for release through Sierra in late 2008 the game has recently been postponed with Activision-Vivendi dropping the game from their roster. The good news is that Atari have picked up the rights, and will release the game in 2009.
How this could ever be dropped by a company (I know it's just for publishing) is beyond me. Unless they know something we don't like that it is actually a big steaming pile of poop. Although, somehow I doubt that.
I for one can't wait for this.