From Twitter:
Devil's Third is Itagaki new game (at Valhalla).
@patrickklepek: THQ "in discussion" with other companies regarding Itagaki's Devil's Third. No longer "fits THQ's profile."
Jim Reilly ‏ @jimreilly
The future of Devil's Third is up in the air.
Devil's Third is Itagaki new game (at Valhalla).