Phosphor Games' Unreal Engine 3-powered action game Project Awakened (opens in new tab) hasn't had the best of luck. The indescribable game (and therein lies the problem, I think) fell short of its Kickstarter target (opens in new tab) back in March, and after a couple of months of trying to raise money by other means, their private funding campaign has now been put on hold (opens in new tab) . Thankfully, everyone who backed will be getting a full refund.
Phosphor Games haven't given up on their mod-friendly third-person thing-a-majig, but the need to start work on new, paying projects, coupled with a lack of contributors, caused the team to temporarily put Project Awakened out to pasture, as CEO Justin Corcoran explained to Polygon (opens in new tab) yesterday. If you liked the look of the game, however, there is some hope: Corcoran promised that "while we are a bit beat up, we are not defeated. Someday, somehow, we will make this game."
Here's a reminder of what could have been: