For those of us who desperately need a TimeSplitters 4 game, this rumor might be a bit hard to swallow. In fact, there's a very real chance you read the headline to this post and went into a murderous rage, destroying your computer monitor and turning your rage on the closest human being. It's okay, it made us feel the same way.
The source of this rumor? Well, apparently the Nottingham, England-based Free Radical studio is in a bit of financial trouble, as GI.biz reports. They say that word has it the doors are locked, phones are shut off, and the team met at a nearby hotel for a "final company meeting." We're hoping this isn't the case, because we're pretty big fans of the studio's work, so we'll update when Free Radical makes a statement.