Banjo-Kazooie not cancelled ... so what is?

On a recent episode of the 1UP Yours podcast, EGM's Shane Bettenhausen shared the rumor that "a big Microsoft first-party title that has been in the works for a very long time, that people are very excited for, sounds like it's being canceled." That had a lot of people turning their eyes towards a new Banjo Kazooie game, which, though announced sometime in the Nixon administration has been receiving zero buzz.

Now Rare has come out to confirm that, if a Microsoft title is due for the chopping block, it's not Banjo Kazooie. So that has us wondering: Was Bettenhausen off the mark? Or is there another long-in-the-works title we're just not thinking of?

This article was originally published on Joystiq.