Update (5/10): Former employees of 3D Realms have posted on their blogs some concept art and a video showing some footage of what appears to be Duke Nukem Forever. If you haven't got your dose of vaporware already, the word now is that a new willing developer will have to pick up the game where it left if they project ever gets to see the light.
The rumor that developer 3D Realms along with the recently resurrected Apogee name, had been shut down first broke over at Shacknews yesterday. After a series of updates, a confirmation of the developer’s demise was released by staff member Joe Siegler on the 3D Realms forum. Joe was the voice of Duke Nukem II's gruff star as well as the company’s webmaster and forum moderator. The closure comes as a shock to fans and employees alike, and is cited to be the result of funding issues. Employees have already been let go.
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Does this really surprise anyone? Any company that can have a game dragged on for so long must have terrible management. If you don't improve with the times you die out, they crashed and burned after Duke Nukem 3D.
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http://www.zeropaid.com/bbs/showthread.php?t=55492
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