After it earlier this year shut down Soldner developer Wings Simulations and Transport Giant's Ebensee studio, JoWood keeps trimming down its internal development studios. Aquanox developer Massive Development is the next casuality in JoWood's struggle to returning to profit. In a statement issued earlier today JoWood and Massive announced that current projects, such as the PS2 title AquaNox: The Angel's Tears, are not cancelled and will be finished, although timeframe was not provided. Rumours of an Aquanox 3, and whether it will also continue to be developed, could not be confirmed at this point.