It's sad, but for those interested you shouldn't be too worried, Platinum and Kamiya-san will bounce back. What sucks that this was a passion project and Microsoft fucked up. Again At least they have Nier: A and are working another new project with Granblue Fantasy Project Re:Link: and Lost Order. The latter two they're collaborating with Cygames, so they'll be better with them than the likes of Activision or Microsuck. It will be a good while before their next original project, but I'll be waiting for them, and so will many others.
P.S - To the MS fanboys and naysayers (the ones acting like assholes and glad that the game was canned), odds are most of you weren't planning on getting the game to begin with. Just you know, your console really does have any worthwhile exclusives aside from KI. And KI I don't have interest anymore aside from the soundtrack. All you got are a couple of not so good shooters, a few indies available on other platforms, and what were exclusives were timed, average at best, or MIA. That is all.