Nothing more than rumor at this point.
Twitter: https://twitter.com/#!/TheKevinDent/status/158454172239409152 Kotaku detailing above leak: http://kotaku.com/5876253/thq-wipes-out-games-planned-for-2014-to-ready-itself-for-sale-says-insider
The Vigil-developed THQ-published MMO has had a very long and by all accounts troubled development history but was closing in on eventual release. However it's rapidly becoming clear that the space for sub-$100M budget releases by large publishers is becoming very tiny indeed.
Update: THQ denies the rumor.