It's closing in on 4 months since Gods & Heroes was cancelled and Perpetual Entertainment had to go through a round of layoffs. Now, not only are they dealing with legal issues, but P2 Entertainment -- formerly Perpetual Entertainment -- has now ceased development of Star Trek Online.
According to WarCry's breaking news, P2 has transfered the license and content of the game to an unnamed Bay Area developer, who will continue developing the project -- though the game's code itself will not be continuing on to its new home.
P2 Entertainment is now going to focus completely on continuing development and licensing of their Perpetual Platform -- previously licensed by industry leaders like BioWare -- as well as a shift toward the casual games market.
Keep checking back -- we will of course be following closely and report any new developments, especially once we know who has taken over the work on Star Trek Online.
Update:
trekmovie.com is reporting that Cryptic Studios may acquire the license, as they're currently interviewing ex-Perpetual employees to move over to the studio in some capacity. While Cryptic has yet to confirm whether or not they're the studio picking up the license, they are located in Los Gatos, CA -- only 20 miles or so south of the Bay.
Update #2:
This latest update comes from startrek-gamers.com and reports that Cryptic Studios has requested trekmovie.com take down their news story about Cryptic taking over STO, so perhaps the rumor is indeed just that -- a rumor.
TREKMOVIE HAVE BEEN REQUESTED BY REVERB INC, PR COMPANY FOR CRYPTIC TO REMOVE THEIR ARTICLE REGARDING CRYPTIC AND STAR TREK ONLINE. WE JUST SPOKE TO A CONTACT WITHIN REVERB WHO WILL BE APPEARING ON HAILING FREQUENCY WITHIN THE NEXT COUPLE OF WEEKS