Activision didn't have enough money, but Bill 'Richie Rich' Gates's company was willing to knock down 350 million for them. This is about 500 million Euro/dollar.

Microsoft is said to have held a meeting recently with Rare in a hotel near Twycross, the developer's base. A deal was made, and Microsoft will make make a big announcement at their X02 event in Seville later this month, where the company will showcase new exclusive Xbox titles.

The rumour continues. Perfect Dar Zero will be developed exclusively for Xbox. That would also be the reason why we haven't heard from it anymore since last year's E3.

So is this all true? Who knows. I think we should just consider this as an addition to the list of Rare-rumours. If it's true, we'll hear about it soon enough. If it's not, well, too bad for Microsoft then, and hurray for Nintendo and us.

Source: Computer and Videogames