And again....
Sony Computer Entertainment has revealed that it is in the process of restructuring its Liverpool studio following "project prioritisation" by the Worldwide Studios division.
http://www.gamesindustry.biz/articles/sony-to-restructure-liverpool-studio
Seems like about half the studio's been let go.

The first time I played Wipeout still ranks as one of my favorite gaming moments. Commiserations to all those affected.
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"project prioritisation" - smells like more PS3 motion controller stuff to me.