Sources tell Siliconera development of Project Dropship ceased in March. The reason why is because Square Enix closed the Los Angeles studio.

See Project Dropship’s colorful levels, frantic alien shooting battles, and how cooperative play works.

Our first reveal didn’t do Project Dropship justice. The Smash TV style shooter was considerably far into development and we have screenshots from a prototype version of the game.

The company says they are tightening the “selection standard” for their video game lineup moving forward.

Remember the Project Dropship reveal from earlier today? Thanks to a tipster we have more details to share about the unreleased PlayStation 3 / Xbox 360 game from Square Enix’s Los Angeles studio.

First look at a canceled title from Square Enix’s LA studio. Introducing Project Dropship.