Jagged Alliance 3 officially cancelled?

Just last week we received word from Akella that they had updated their release list for the games that are currently in development. On it, the long awaited Jagged Alliance 3 was listed as a Q1 2010 release which is a far cry from the Q4 2008 release date it carried six months ago.

But checking today, the game has been removed from the list completely. Publisher Strategy First still lists the game as 'TBD' however. Has the game been canceled? We will keep you posted on any news we may find.