And the 12-18 months of work on a potential PS4 Wipeout, thrown away by Sony? I would have been waiting on line to buy a PS4 on launch day if there had been a Wipeout to buy with it!
They won't throw that work away.
You can bet your house on Mick Hocking sending that work to Evolution to finish/stuff up, as if this has been his long term goal all along.