Studio Istolia Dead in the Water?

It's been over two years since Square Enix announced the setup of Studio Istolia, headed by Hideo Baba, and Project Prelude Rune. It's been three-quarters of a year since we last heard anything significant in terms of news from the studio, too. Since then, Hideo Baba left Square Enix entirely, as it appears that I missed last month. That's usually not a good sign for a studio that has yet to produce a game, and it appears that is true here, too.

As of yesterday, all social media accounts for Studio Istolia were closed down, and as much evidence of the original trailers as Squenix could was purged from the internet. Apparently the Studio Istolia website had been redirecting users back to the main Square Enix site since around the time Baba left the studio and the company. Square Enix have yet to comment officially on this change, but the logical conclusion is that the studio and game are both now dead.

Update: Square Enix have confirmed that the studio has been shuttered.

Source: Siliconera, GamesIndustry