CEO of Infinium Labs jumps ship, rows off into the sunset

When was the last time we heard any news regarding the Phantom? More importantly, when was the last time we heard any good news regarding the Phantom? Now those fun-loving toaster manufacturers over at Infinium Labs are in the headlines again, thanks to the resignation of their Chief Executive Officer, Kevin Bachus. Bachus, who'd only begun presiding over Infinium in August, allegedly resigned to "pursue other opportunities." Rumors that he rowed away in the only lifeboat, shouting obscenities about the captain going down with the ship have since been denied. In his stead, Infinium's former European director Greg Koler will serve as temporary CEO, CFO, and president. Despite this setback, Infinium remains dutifully dedicated to releasing the Phantom distribution service, "soon," a stance they have maintained since the late Mesozoic.

So what's the deal, Infinium? Electronic distribution is supposed to be the wave of the future, and you had the chance to get in on the ground floor. Back in 65,000,000 B.C. this whole "streaming online content" thing sounded brilliant, but nowadays, with services such as Steam, GameTap, Xbox Live, and Nintendo's upcoming Revolution allowing us virtual access to a plethora of amazing games over broadband, the Phantom's looking more and more evanescent by the day.

[Via Slashdot]