The fact that I haven't seen any takeover rumors does not bode well. If the project were close to completion, I'm sure they would have shopped it to another game publisher to bridge until the game started to make money. Without any rumors of takeover, you have to assume either that the game is too far away from generating revenue to make the bridge loan payments until release (and income). The only option is that publishers do not see any value in the product at all. In that case, it's a real shame.
Though not a huge fan of RA Salvatore, he's pumped out a metric ass ton of fantasy stories and worlds. Todd McFarlane might not be the writer/creator he once was, but his art still sends chills down my spine. I was really excited to see what they would do with a MMO.
It is also sad news for Big Huge Games, who seemingly will have to close up shop (unless there is a buyer) again. It doesn't look like they will ever give us another Rise of Nations or AoE. Their acquisition by 38 studios had made me excited for some really strategic component to the MMO, but perhaps that was just my hope.