Wired reports that the much-anticipated online multiplayer game based on the Marvel Comics universe has been officially scrapped.

Shane Kim, the Corporate Vice President of Microsoft Game Studios, confirmed termination of "Marvel Universe Online," which was planned for development with MMO studio Cryptic.

Kim cited "commercial considerations" as the main factor in the game’s cancellation, as well as a general belief that the game wouldn’t be able to compete in the MMO market, which is currently dominated by "World of Warcraft."