Development of Arkane Studios' and Valve's FPS The Crossing has been suspended.

Powered by Valve's Source engine, the shooter promised to fuse the worlds of single and multiplayer to create "crossplayer," but was reportedly put on hold after Arkane ran into financial troubles.

"We ran into an unexpected financial challenge some months ago and we had to put The Crossing on hold," Raphael Colantonio, Arkane’s CEO and creative director, told Joystiq. "Since then, we shifted our efforts to other very good projects."

The Dark Messiah of Might and Magic studio is said to be working on an FPS RPG and a casual strategy game for iPhone.