Gods & Heroes: Rome Rising Cancelled?

WarCry is reporting that Perpetual Entertainment has "infinitely delayed" Gods & Heroes: Rome Rising and that a majority of the development team has been laid off.
Our source tells us that the majority of the Gods and Heroes development team has been let go as part of the move, which comes only a few weeks after they had downsized and pushed back the release date. The Star Trek Online team, those who worked on the Perpetual Platform (which was recently licensed to BioWare) and a small number of people from the Gods and Heroes team will be remain with the company.

If true, I certainly hope those people who lost their jobs find another in the industry quickly.