The news has just broken on the
Mongoose forums, so I can say a few words about this now.
As stated on the Mongoose forums, there was a RuneQuest and Savage Worlds versions of Conan in development, but have now been canceled by the license holder.
I personally was one of the lead writers on the Savage Worlds version of Conan, and have put a lot of work into its development.
For me this project was a dream come true. Sadly, now that work will likely never see the light of day. Now, I knew the risks of working on a licensed property going into the project, but it is still a huge disappointment.