After months of not hearing anything of the title, and after Capcom of Japan removed it from their front page, the company has officially announced that development of Mega Man Universe has ceased, due to "various circumstances." There is no word if development may pick up again, and considering the amount of profuse apologizing to those looking forward to it, it does not seem as if it ever will. Although this does seem contradictory to other recent statements. I know quite a bit of controversy and concern surrounded this title, but it's still pretty unfortunate to see it go. Hopefully all this time has been used to put efforts towards potentially other Mega Man titles to be revealed.
News Credit: Tarbo-san