You're forgetting that Legends of Equestria has replaced it and development is quite healthy.legendsofequestria.com
^ This is true.
I would like to state that I didn't "forget" Legends of Equestria's production, but was unaware at the moment this was posted that it was being picked up under a different name. I've been waiting for this game for a long time and I hope that this new team can help their final product live up to the hype laid down in the early development stages of EO. In future I shall attempt to become more informed before posting out of grief.