Their official statement: https://www.ubisoft.com/xdefiant-our-message-to-players
Fascinating how they have repeatedly gone belly up on multiple big projects lately and with the new assassins creed basically DOA it seems like Ubisoft will be the first major to go under. Sadly with as pozzed as gaming is I bet Sony will either buy them outright or keep them alive.
Actual fun and interesting games were put on the back burner for this (fun and interesting for Ubisoft anyway)
The Tom Clancy's Heartland which was a division spinoff game was actually fun with an interesting PVP mechanic, and it got shelved among others for this.
Of all the latest Ubisoft entries, I was actually looking forward to that one.