NSquare (the joint team between Nexon and NCSoft) recently announced that they’ve stopped the development of Mabinogi II: Arena. NSquare explained that they had to stop working on the project due to concerns with the title’s feasibility and player interest.
This doesn’t mean that the cooperation between Nexon and NCSoft will end though. NSquare will continue working on the highly anticipated Maplestory 2. NSquare hasn’t ruled out the possibility of continuing the development of the game in the future.