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Ubisoft announced the results for their 2010-2011 fiscal year today. While droning on about operating income, net cash and all that other sexy financial stuff, they mentioned that they were cancelling several games.

"Ubisoft has taken measures to adapt its structure to major changes in the industry by reorganizing the roles and operations of its studios, which has resulted in the termination of certain projects," said the financial report.

Unfortunately, they don't actually announce what games are getting the axe. I have a sneaking suspicion Beyond Good & Evil 2 might be one of the targets, though. Ubisoft puts zero effort into updating gamers on that project, aside from occasionally reassuring us it's still in development. The same goes for I Am Alive, really.

Ubisoft balanced out that bad news with some equally vague good news. They're about to reveal a high-profile PC game this week.

"In the coming days, we will officially announce an ambitious project on PC based on one of our top gamer franchises that will illustrate our capacity to take advantage of new business models," said Ubisoft CEO Yves Guillemot.

New business models, eh? Maybe he means a free-to-play game? We shall see.