XBLA, PSN and PC versions of Talisman had been canceled. Well, why are we bringing this up now? Curiously, it took about two months for anyone to notice, so take from that what you will.
The last time Talisman really popped up on radar was last year when it was stated the game would be out by April of 2008. Svensson notes on the Capcom site that it was no longer cost effective to continue with the project after a "misfire" at the start and the rights have reverted back to Games Workshop.