That corporate language disgusts me.

"However, it was felt that by focusing our investment plans on other Studios that are currently working on exciting new projects, we would be in a stronger position to offer the best possible content for our consumers."
The only exciting new project I saw was the new AAA title SL was working on. Maybe WipEout Trinity, maybe not. In fact, it was a certainly new high-quality game to come. Continue commiting suicide Sony, if it pleases you so much.