NCSoft Korea has shut down development of Project HON, allegedly due to a perceived lack of interest in giant mech games in the local market. Project HON is being shelved to allow NCSoft to focus on its other titles, including the upcoming launch of Lineage Eternal and further growth of Blade & Soul in foreign markets.
Project HON came up earlier this year when three employees were fired for embezzling funds.
(Source: Steparu)
MMO Fallout 
I hope some of the members of the Project HON team move to the developers of Heavy Gear Assault or Modular Assault Vehicle.