If the rumors are true, Bethesda Softworks has cancelled The Elder Scrolls Travels: Oblivion for the PSP. The title had been outsourced to Climax, which apparently ran into too many problems building the portable RPG spinoff. The game may only be on ice, but either way don't expect to see it anytime soon - if ever...
When Climax did Sudeki for xbox it only took, what, 7 years? Might be time from them to lay off the RPGs ;)