EA shuttered the Australian arm of Mercenaries dev house Pandemic Studios, a few projects were lost to the ether. A game based on the enormously popular film Dark Knight for 360 / PS3 as well as an "open-world Nintendo Wii game" were both rumored to be on the way from the Brisbane, Australia-based studio.
Australian Gamer has apparently found footage of the Wii title -- said to still be owned by ex-Pandemic Australia employees -- to be called either "The Next Big Thing" or "No Limits Racing" (depending on your interpretation of the footage). The trailer (found after the break) teases a handful of pseudo-celebrity appearances, the ability to turn existing Miis into in-game characters, and show off your high scores on advertisements in friends' game environments.
EA confirmed to us yesterday that the Australian arm of Pandemic is closed, and said of the trailer, "On any given day, there are a lot of great game ideas under consideration at EA ... not all of them go all the way to market."