Prey 2 Is Not Dead, Likely Being Developed By Arkane Studios
Long story short, Prey 2 is currently in the process of being overhauled by Arkane Studios after transferring hands from Human Head Studios. Kotaku has found several emails confirming as much, including the one credited to the outlet above, and believes that "Bethesda Misled Gamers" about it.
Now, I don’t really care that a company denied to comment or deflected responses concerning its lineup of games in production. Not every project by studios should be presented to the public (and thereby their competitors) during its inception, but only when the developer is ready to do so. Every company, including Bethesda, should have the right to keep them secret, and it’s not like they’re hiding something illegal or devious like a war crime or something like that.
via Prey 2 Is Not Dead, Likely Being Developed By Arkane Studios.