Quatermann, popular purveyor of gossip and speculation, has revealed in the February 2003 edition of EGM that Treasure's Ikaruga will not be released in the United States, citing lackluster sales of third-party GameCube titles and general unpopularity of shooters as the causes that led to Infogrames' decision to dump Ikaruga.
But I guess it doesn't really count as a cancellation if was never officially announced...
Source: Electronic Gaming Monthly
