Crackdown 3. Instead, the developer is working on its own pet project for digital distribution, Tribal Towers.
The developer states that the studio is not abandoning consoles, but that it's jumping on the current trend of PC and tablet gaming and taking a break from AAA gaming.
"We believe that PC / Steam Box and Tablet gaming is going to seriously challenge console in the next five years and because we already see ourselves as seasoned console developers, we now want to ensure we work towards a similar level of experience in PC and Tablet development. We basically want to hedge our bets a little and cover what we believe will be the 3 main bases of the next generation of gaming," the developer stated.
As for Tribal Towers, there's no description of what it'll be, though judging by the artwork, it'll be an artillery / tower defense type of game.