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Has time run out on Free Radical?

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According to numerous internet reports (which are always 100 percent reliable),¬†British development house Free Radical, the folks behind the venerable “TimeSplitters” franchise, has closed up shop.

Free Radical’s most-recent release, the PlayStation 3 shooter “Haze,” was generally panned by critics and consumers, alike. The independent developer had previously announced “TimeSplitters 4,” but now the future of that title is up in the air.