Was I the only one waiting for This is Vegas?

It looks like This is Vegas has been canned.

This was going to be the next game created by Surreal Software, the studio behind the underrated horror classic The Suffering and its inferior (but still pretty good) sequel, and I have to admit that I was hoping they would create another great game. But something was not right. The colossal Midway was sinking, and it looked like this game could be a victim of it. Also, to our eyes the game seemed a bit pointless. What is it exactly? A mere GTA clone? A playboy simulator? Is there anything else to do other than just go from one place to another and "party"? With no interesting story or characters sticking out, it looked like they were taking too long for just a glorified HD mini-game collection.

Maybe we were wrong. Maybe there was a great game underneath. But then again, why did they choose to show only those parts of the game? Were they really building up a whole game based on the secondary, throwaway elements that filled up GTA's world for those moments when you wanted a break from the main story?

They've been working on this game for years and they've already spend $50 million. Are they really throwing all that work away? Even 3D Realms allegedly handed Duke Nukem Forever to another developer to finish it. Can't they just release what they have as a budget title, or as a downloadable game? Maybe they won't be able to sell it spectacularly for $60, but why not for $20? I would definitely buy it.