Capcom Japan officialy announced it has cancelled two of its project - Red Dead Revolver for the PlayStation 2 and Dead Phoenix for the GameCube.

The sites for the two titles have been deleted from Capcom's official Web site, and the games were taken off the release schedule list.

Most of us at Cube-Europe had Dead Phoenix in our most wanted list. We hope Capcom will decide one day to pick up developtment of the game again.

In the past few weeks, Capcom has now announced the cancellation of a total of three titles (Capcom Fighting All Stars, Red Dead Revolver, and Dead Phoenix).