From GI.biz: “Reports have emerged that Project Nova, the multiplayer shooter based on Eve Online, has been cancelled. However, this is not the case.
A statement released on Reddit explains that Project Nova is still in development — it’s just not called Project Nova anymore.
The studio said it is “continuing to develop our sci-fi multiplayer shooter game concept, actively evolving it beyond the original scope of what was formerly codenamed Project Nova.”
Source: N4G PC Eve Online shooter Project Nova is not cancelled, it's just changing